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Tuesday, 2 February 2016

SAINSBURY'S agrees price for ARGOS purchase   

This morning, news hit the London Stock Exchange that Sainsbury's and Home Retail Group has agreed on the price of the potential Argos acquisition. The move, which would see Sainsbury's pay GBP 1.1billion for the Argos business and Home Retail Group shareholders receive a 12% shareholding in the combined entity, values the Argos business at approximately GBP 1.3 billion

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