Home retail Group, the owner of Argos and Homebase, might be up for sale with a £1bn pricetag.
According to various media reports, private equity honchos are eyeing up the company after it issued a shock profit warning last month.
The group blamed last year’s Black Friday which made the retailer’s website crash and saw shoppers fighting over TVs.
Shares sunk almost 18% and hit a two-and-a-half year low.
After rumours of the potential £1bn sale, Home Retail Group shot to the top of the FTSE 250 leader board this morning.
The stock rose more than 6%, or 6.6p, to 110p in early trading on Monday.
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