Business
Response to Firm Offer Announcement
Response to Firm Offer Announcement.
About this update from Home Reit Plc
[{"type":"text","content":"\n \nRNS Number : 6584S Home Retail Group Plc 18 March 2016 \n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\n \n \n18 March 2016\n \nFor immediate release\n \nHome Retail Group Plc\n \nResponse to Firm Offer Announcement by J. Sainsbury's Plc\n \nThe Board of Home Retail Group Plc (\"Home Retail Group\" or the \"Company\") notes the announcement today by J. Sainsbury's Plc (\"Sainsbury's\") of a cash and share offer for Home Retail Group pursuant to Rule 2.7 of the City Code on Takeovers and Mergers (the \"Code\").\n \nThe Board of Home Retail Group also notes Sainsbury's views on the strategic opportunities and synergies available through a combination of the businesses and Sainsbury's recognition of the talent in both our management and our colleagues. Sainsbury's has stated its wish to obtain the recommendation of the Board of Home Retail Group for its offer, and the Board of Home Retail Group looks forward to working with Sainsbury's towards such recommendation.\n \nThe Board of Home Retail Group will issue a further statement in due course\n \nEnquiries \nHome Retail Group Plc\nRichard Ashton, Finance Director +44 (0)1908 600 291\nMark Willis, Director of Investor Relations\n \nEnquiries \nBofA Merrill Lynch \nJonathan Bewes +44 (0)20 7628 1000\nGeoff Iles\nEamon Brabazon\nLuke McMullan\n \nFinsbury \nRollo Head +44 (0)20 7251 3801\n \n \nImportant notice related to financial adviser\nMerrill Lynch International (\"BofA Merrill Lynch\"...