Shares in Argos owner close 13% higher

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Rival Argos bid sends Home Retail Group shares up 13%

Shares in Home Retail Group have jumped 13% after a rival bid to Sainsbury"s was made for the Argos owner.

Home Retail"s shares closed at 173.5p on Monday - close to the 175p-a-share all-cash offer that South African retailer Steinhoff lodged on Friday.

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