Sainsbury's bid for Argos owner threatened by rival Steinhoff offer

Supermarket Sainsbury's could see its takeover bid for Argos owner Home Retail Group derailed after retailer Steinhoff pitched a rival offer.

Sainsbury's bid for Argos owner threatened by rival Steinhoff offer
Sat, 20 Feb, 2016 - 13:26

Supermarket Sainsbury's could see its takeover bid for Argos owner Home Retail Group derailed after retailer Steinhoff pitched a rival offer.

Home Retail Group confirmed that it had received a "possible cash offer" from the South African-based furniture retailer valuing the company at 175 pence per share.

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