Home Retail Group plc
Statement Regarding Sainsbury's Announcement
The Board of Home Retail Group plc ("Home Retail Group" or the "Company") notes the announcement by J Sainsbury plc ("Sainsbury's") and confirms that in November 2015 it received an approach from Sainsbury's regarding a possible cash and share offer for the Company.
Having reviewed the approach with its advisers, the board of Home Retail Group rejected the approach which undervalued Home Retail Group and its long-term prospects.