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UK Sainsbury's says Home Retail rejected offer approach

Sainsbury's, Britain's second biggest supermarket, said on Tuesday it made a cash and shares bid approach to Home Retail, the owner of Argos and the Homebase do-it-yourself chain, in November, which was rejected.


A man puts a shopping bag into a car outside a Sainsbury's store in London
Ben Stansall I AFP I Getty Images
A man puts a shopping bag into a car outside a Sainsbury's store in London

Sainsbury's said it was considering its position.

"There can be no certainty that this will result in a formal offer, nor as to the terms of any such offer," it said.