Sainsbury’s Agrees Home Retail (Argos) Deal
J Sainsbury, the UK supermarket chain, has agreed a deal to buy Home Retail Group (HRG), owner of catalogue retailer, Argos, in a deal valued at £1.3 billion ($1.9 billion). Sainsbury’s will pay £1.1 billion ($1.6 billion) for equity of HRG. The firm will also honour an existing HRG agreement, to return £200 million ($291.4 … Read more