Ripley94
20 Feb 2016
Re: Confirmation of approach to Home Retail ... RNS ABOUT 4.20 PM FRIDAY. was it already known in city ?
Ripley94
20 Feb 2016
Re: Confirmation of approach to Home Ret... domodellDid you mean you bought yesterday as your post states saturday @ 10.17.
domodell
20 Feb 2016
Re: Confirmation of approach to Home Ret... I think they always expect the pres to get there first!!Also they PR department had all gone home early , probably, it being Friday and all.Just bought some HOME today at 4.00pm as I felt a counter bid might be in the offing! This way we get mainly cash and you don't have to hold SBRY as part of the deal. Let's see what happens!Of course both companies could walk away but it seems unlikely. The bit of Argos they want is the logistics and technical systems in place (internet shopping,delivery-Click and collect etc, not necessarily the shops per se.)Plus there is the finacial arm aswell. Those credit lines to the customers come with some hefty interest rates keeping that part of the business pretty healthy!
pearlsasinger
19 Feb 2016
Re: Confirmation of approach to Home Retail ... Thank you.Just read the Telegraph story.Surely we should receive such news via Home Retail announcements;or is that too much to expect as owners of the company??
idontwanttolose
19 Feb 2016
Confirmation of approach to Home Retail Group plc This is an announcement of a possible offer under Rule 2.4 of the City Code on Takeovers and Mergers (the "Code"
. This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that an offer will be made.Confirmation of approach to Home Retail Group plcSteinhoff announces that it has today put forward a proposal to the Board of Home Retail Group plc ("HRG" seeking their recommendation for a possible all cash offer for HRG, which would result in HRG shareholders receiving a total value of 175 pence per HRG share (the "Steinhoff All Cash Possible Offer" comprising 147.2 pence in cash and the payments as set out below (together the "Proposed Capital Returns" per HRG share, payable before completion of the Steinhoff All Cash Possible Offer, of:· approximately 25 pence (the "Homebase Capital Return"; and· 2.8 pence per share in lieu of a final dividend in respect of the financial year ending 27 February 2016.Steinhoff is making this announcement to ensure that HRG shareholders are fully informed while making any decision in connection with the possible offer announced by J Sainsbury plc on 2 February 2016 (the "Sainsbury Possible Offer".Steinhoff confirms it is supportive of the ongoing disposal of Hampden Group Limited (trading as Homebase) ("Homebase" by HRG as announced on 18 January 2016 and described in the circular to HRG shareholders dated 2 February 2016.Steinhoff reserves the right to make an offer at any time which represents a total value of less than 175 pence per HRG share (including Proposed Capital Returns):· with the agreement or recommendation of the Board of Directors of HRG; or· if a third party (other than J Sainsbury plc) announces a firm intention to make an offer for HRG pursuant to Rule 2.7 of the Code, which at that date offers a total value of less than 175 pence per HRG share (including any Proposed Capital Returns or dividends which may be paid by HRG); or· following announcement by HRG of a whitewash transaction pursuant to the CodeSteinhoff reserves the right to reduce the consideration of any offer by the amount of any dividend (or other distribution) which is paid or becomes payable by HRG to its shareholders after the date of this announcement, other than the Proposed Capital Returns outlined above.The Steinhoff All Cash Possible Offer is subject to certain pre-conditions, which can be waived, including satisfactory completion of due diligence. There can be no certainty that any offer will be made.A further announcement will be made as appropriate.In accordance with Rule 2.6(a) of the Code, Steinhoff must, by not later than 5.00 p.m. on 18 March 2016, either announce a firm intention to make an offer for HRG in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.In accordance with Rule 26.1 of the Code, a copy of this announcement will be published on the Company's website ([link] by no later than 12 noon on 22 February 2016.
Ripley94
05 Feb 2016
Re: 161p see there is another little payment of 0.28 p for div .And a mix and match option.
Ripley94
05 Feb 2016
Re: 161p 55p + 0.321 sains .... + 25p payment.is that how you got 161 p ?
FSamps
02 Feb 2016
Re: Rubbish deal LTBH shareholders such as me are inevitably losing out because we paid more, did not sell in recent months at north of £2
0, and in my case also a Sainsbury holder, so doubly bitten hard. Hardly greed!
shovelier
02 Feb 2016
Re: Rubbish deal Thanks for that. Even at £1.53 it may still have value.
ThanetBoy
02 Feb 2016
Re: Rubbish deal all in this statement. shareholders tba when practible[link]
shovelier
02 Feb 2016
Re: Rubbish deal What is the cut off date for Home Retail Group shareholders to get the payments for the Homebase sale and the final dividend? Anybody know? And how much per share would the Homebase sidle payment be?
Clarence Beaks
02 Feb 2016
Re: Rubbish deal if you bought at 90p you shouldnt be too upset with such a deal.
PIE-EATER
02 Feb 2016
Re: Rubbish deal 1timecoexcluding home base for 1.45 (obviously from SBRY point of view including would be better still...)
ThanetBoy
02 Feb 2016
Re: Rubbish deal If I were a HOME shareholder I would jump at this offer and take the money - you would have the chance to offload your new sbry shares before they decrease over the following 3 yrs, with the new owners taking over the DECLINING profit trend!
1timco
02 Feb 2016
Re: Rubbish deal As another Sainsburys holder and employee...Is that £1.45 including or excluding Homebase?
