Blanketstacker
06 Jan 2016
Re: Home Retail Group is facing a shareholde... The Daily Mail figures suggest the offer was no more than 140. The wording of the HOME response seems to say to me'You are welcome, but we need more'. That seems eminently sensible to me. 180 would be nice, but I could see 160 being taken given the current figures. The massive downside will be felt by HOME employees if this goes through.
barno99
06 Jan 2016
Re: Home Retail Group is facing a shareholde... Very undervalued offer,but of course that was just an attempt to get HR on the cheap. The real fun and games begins from here...£1.80 should do it.I cannot believe the board were so naive in not letting shareholders know of the approach.. Unbelievable!! Heads should roll!!
idontwanttolose
06 Jan 2016
Home Retail Group is facing a shareholder revolt Argos owner's dismissal of Sainsbury's £1bn offer prompts anger from investors - who were not consulted about approachArgos owner Home Retail Group is facing a shareholder revolt after it dismissed a £1billion approach from Sainsbury’s.Investment firm Schroders and hedge fund Toscafund, who control almost a quarter of HRG stock, are furious at not being consulted regarding Sainsbury’s approach, which was made in November.They believe there is logic to Sainsbury’s snapping up the owner of Argos and Homebase.For the rest of the articleworth the read)[link]
lambrini girl
05 Jan 2016
Re: Investec I wouldnt rush in should be a £1 in not too distant future..<<<another nice 40% in couple o weeks..BANG ON!!
pearlsasinger
05 Jan 2016
Re: J Sainsbury plc statement regarding ... I agree.In an ideal world one would expectthe LSE to hold a serious investigation intothis issue. But alas-----experience suggests otherwise.
barno99
05 Jan 2016
Re: the price? Realistically £1.80 at least would be a fair price for me. Its a steal at this level with the UK coming out of recession...Might encourage others to show a hand.
pearlsasinger
05 Jan 2016
the price? I have sold a small part of my holding for 137.7.The market price suggests a bid of at least 140p.I imagine that some shorts are being closed off and therefore that may be affecting the supply/demand situation and exaggerating today's price movement.Just a hunch--But a bird in the hand..........
barno99
05 Jan 2016
Re: J Sainsbury plc statement regarding ... Why was there not an RNS about this when the offer was made. Surely shareholders need to know this sensitive information.There were some director deals in October and pay taken in shares. Was there knowledge of the deal then?there were whispers as shown in the news feed in November about a takeover by private equity, LEAK????I cant believe Sainsburys made the announcement and not Home Retail?Whats going on here...
nk1999
05 Jan 2016
Re: J Sainsbury plc statement regarding ... They probably just want Argos, and could sell Homebase on (regarding which there have been a number of reports in the papers and some are also on this board).nk
raptor66
05 Jan 2016
Re: J Sainsbury plc statement regarding a po... Sainsbury sold homebase to HRG and now they want to buy it back???
idontwanttolose
05 Jan 2016
J Sainsbury plc statement regarding a possible offer for Home Retail Group plc I hope that this copy of the SBRY statement helps youJ Sainsbury plc statement regarding a possible offer for Home Retail Group plc J Sainsbury plc ("Sainsbury's"
confirms that it made an approach in November to Home Retail Group plc's ("Home Retail Group" Board of Directors regarding a possible offer for Home Retail Group, in the form of Sainsbury's shares and cash. The approach was rejected by Home Retail Group and Sainsbury's is considering its position. There can be no certainty that this will result in a formal offer, nor as to the terms of any such offer. Over the last year, Sainsbury's has been working in partnership with Home Retail Group trialling a number of Argos concessions in Sainsbury's stores. The Board of Sainsbury's believes the combination of Sainsbury's and Home Retail Group is an attractive proposition for the customers and shareholders of both companies, establishing a platform for long-term value creation. The combination is an opportunity to bring together two of the UK's leading retail businesses, with complementary product offers, focused on delivering quality products and services at fair prices, through an integrated, multi-channel proposition. Specifically, the Board of Sainsbury's believes a combination of Home Retail Group and Sainsbury's will: · Create a food and non-food retailer of choice for customers, building on the strong heritages of both businesses whose brands are renowned for trust, quality, value and customer service; · Deliver profitable sales growth by offering customers the right combination of location, range, speed and flexibility, across a wide range of products; · Bring together multi-channel capabilities and delivery networks for fast, flexible and reliable delivery to store or to home across a wide range of food and non-food products; · Optimise the use of their combined retail space. The combined entity would have attractively located stores across the UK, with an enhanced supply and delivery network and a strong presence across food and grocery, clothing, homewares, toys, stationery, electricals, furniture and other general merchandise; · Create a financial services proposition that will provide a wider range of customer-centric services including credit cards, loans, deposits, insurance and ATMs; · Deliver revenue synergy potential through the ability to sell to each other's customers, including the operation of Argos concessions within Sainsbury's stores, and the sale of Sainsbury's products and services through Argos's network; · Provide additional cost synergy potential through property rationalisation, scale benefits and operational efficiencies. Sainsbury's reserves the right to introduce other forms of consideration and/or vary the mix of consideration. In accordance with Rule 2.6(a) of the Code, Sainsbury's must, by not later than 5.00 p.m. on 2 February 2016, either announce a firm intention to make an offer for Home Retail Group in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Home Retail Group, 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 Home Retail Group and the Takeover Panel in accordance with Rule 2.6(c) of the Code.
steve2016
05 Jan 2016
Re: SP at 106p!!!!/Confidientality Anyone know what the actual bid price was - can't seem to find it....Thanks
pearlsasinger
05 Jan 2016
Re: SP at 106p!!!!/Confidientality Well--- that explains the strange price movements.However it reflects poorly on the level of confidentialitythat was maintained in the 'possible' bid process.Some shorters may well be feeling pain!
barno99
05 Jan 2016
Re: SP at 106p!!!! Possibly £2 + a share as in October the share price was north of £1.50-60
arborman
05 Jan 2016
Re: SP at 106p!!!! 124p now due to Sainsburys possibly making an offer for HOMEI'd be very wary of buying in now
