Photographer: Chris Ratcliffe/Bloomberg

Sainsbury Seeks to Outduel Amazon in U.K. With Argos Deal

  • CEO says takeover would give him competitive advantage
  • Home Retail shares rise as comments spur bid speculation

J Sainsbury Plc chief Mike Coupe said his planned takeover of Home Retail Group Plc will give him a competitive edge over Amazon.com Inc. as he prepares to confront the online giant in his own backyard.

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