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Home Retail-Sainsbury scheme takes effect

01 September 2016 14:09

The scheme for the recommended cash and shared acquisition of Home Retail Group by J Sainsbury has now become effective.

This follows the court granting am order earlier today confirming the reduction of share capital of Home Retail Group in connection with the scheme.

Completion of the acquisition remains subject to the vourt granting the Newco reduction court order confirming the reduction of capital of Sainsbury's Intermediate Holdings Limited ('Newco') to effect the capital return and to the registration of the Newco reduction court order with the Registrar of Companies which are expected to take place tomorrow, 2 September

At 2:09pm:

(LON:SBRY) Sainsbury J PLC share price was +2.85p at 243.15p

Story provided by StockMarketWire.com

Related Company: HOME

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