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Sainsbury shareholders want more details

Ahead of results next week, investors in the British grocery chain will want more details on the group's recent takeover deal with Argos owner Home Retail
April 28, 2016

Next week, J Sainsbury 's (SBRY) investors will be looking for answers. It's been a rollercoaster ride for shareholders since the start of the year as Sainsbury's tussled with other suitors to buy the Argos brand and network from owner Home Retail (HRG).

IC TIP: Buy at 289p

Although negotiations dragged on for months, this has given the market - and multiple commentators - time to warm to the idea of the acquisition. Analysts at Deutsche Bank believe once the new business has been fully integrated, it could boost EPS for the grocery chain by 25 per cent.

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