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Sainsbury's confirms offer for Home Retail Group

Sainsbury's Store 2

Sainsbury's has confirmed its offer for Home Retail Group, after rival Steinhoff pulled out of the bidding late Friday.

The full publication can be found here

The bid value is £1.4bn - the same as the most recent Sainsbury's bid - based on 55p cash and 0.321 Sainsbury’s shares per Home Retail Group share.

An additional figure of 2.8p per Home Retail Group share was mentioned in the statement and is in lieu of a final dividend in respect of HRG's financial year ended 27 February 2016 

Source : Home Retail Group

19 March 2016

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Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

Martin Elliott. Chief Executive - Home Hardware.

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