Photographer: Simon Dawson/Bloomberg

Home Retail Saga Over as Board to Recommend Sainsbury Offer

  • Deal will end almost 10 years of independence for Argos owner
  • Grocer believes buying Argos will help it compete with Amazon

Home Retail Group Plc said its board will unanimously recommend J Sainsbury Plc’s 1.4 billion-pound ($2 billion) bid after South African retailer Steinhoff International Holdings NV withdrew from the battle to acquire the Argos owner.

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