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Argos shareholders approve Sainsbury's takeover

Published: 28 July 2016
Shareholders at Home Retail Group voted 99.95% in favour of the £1.4bn Sainsbury's takeover at its AGM this week.
Argos shareholders approve Sainsbury's takeover
It comes following the green light given by the Competition and Markets Authority (CMA) earlier this week.

Sainsbury's has revealed plans ahead of its takevoer, which is expected to happen in the third trading quarter of this year, such as the appointment of current chief financial officer John Rogers as chief executive of HRG. There are also plans to install Argos concessions into several of Sainsbury's larger stores.

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