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Home Retail confirms approach from Steinhoff

22 February 2016 07:29

Home Retail Group has confirmed it has received an approach from Steinhoff regarding a possible cash offer of 175p per share.

A statement issued after market close on Friday said that Home Retail's board was reviewing the Steinhoff proposal with its advisers and would make a further announcement in due course. It said Home Retail shareholders are advised to take no action at this time.

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