Tuesday, 1 March 2016

Tesco for Home Retail Group, according to The Times and the Financial Times

Tucked away at the back of the The Times market report is a surprising snippet on the Home Retail Group takeover situation.

According to The Times market report, Tesco - yes, Tesco - was sold off yesterday amid fears it's "putting in a rival bid" for Home Retail Group. Here is a link to the excellent report, written by Tom Knowles:

http://www.thetimes.co.uk/tto/business/markets/article4702585.ece

Meanwhile, Bryce Elder's Financial Times market report also mentions Tesco as well as Asda (owned by Wal-Mart) as potential rival bidders for Home Retail Group but that's by way of a Credit Suisse note. Here is a link:

http://www.ft.com/cms/s/0/25e443dc-df0f-11e5-b072-006d8d362ba3.html#axzz41Xo08WvM

Wow - that would make turn the situation into a three way takeover tussle for Home Retail Group - who would have thought three major retailers would be so desperate to own Argos!

5 comments:

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