Friday, 19 February 2016

Quelle Surprise: A counterbidder emerges for Home Retail Group

Regular viewers of Tip TV won't be surprised to learn of Steinhoff's 175p a share counter bid for Home Retail Group.

That's because just over 11 days ago I highlighted on the show there were vague rumours doing the rounds about a potential counter offer for Home Retail Group. Here is the link:

Admittedly, though, I didn't mention Steinhoff as the potential rival bidder to J Sainsbury.

However, the real credit should go to Oliver Shah of The Sunday Times who effectively was the first journalist to have dug up the story up about Christo Weise's interest in Home Retail Group and published it in The Sunday Times a couple of weeks ago. Weise is a non-executive director at Steinhoff and a major shareholder. Here is the link:


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