John Lewis's CEO Andy Street opinion is that 1) combination of Sainsbury and Home Retail will destroy value (#bearish for $SBRY ) 2) M&A attempts will continue (#bullish for $HOME )
Ray McNamara 06 Jan 2016, 00:59
$SBRY I think Sainsburry's will overpay for $HOME so #bearish on the former
Ray McNamara 06 Jan 2016, 00:57
$HOME Sainsbury's has said it made a bid approach for Argos and Homebase owner Home Retail Group in November, but the offer was rejected. Sainsburry said it's considering it's position. I think it will bid again as M&A is the only way to grow in UK retail #buy
Home Retail Group stock price chart
About Home Retail Group
Home Retail Group plc operates as a home and general merchandise retailer primarily in the United Kingdom and the Republic of Ireland. It operates through three segments: Argos, Homebase, and Financial Services. The company offers consumer electronics under the Bush and Alba brands; toys under the Chad Valley brand name; furniture under the Schreiber and Hygena brands; and homebase products under the name of Habitat, Odina, Qualcast, and Laura Ashley brands. It also provides video gaming, Android platform-based tablets, domestic appliances, and seasonal products; and DIY, decorating, home, and garden products, as well as offers installation services for its products. In addition, the company provides a range of credit and insurance products to customers. The company operates approximately 1,057 stores, including 734 Argos stores and 336 Homebase stores. Home Retail Group plc was founded in 1964 and is headquartered in Central Milton Keynes, the United Kingdom.