Home Retail Saga Over as Board to Recommend Sainsbury OfferBy
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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