Home Retail is 'being circled by potential buyers' after recent profit warning
Struggling Argos and Homebase owner Home Retail is reportedly being considered as a possible acquisition opportunity by a number of private equity firms.
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According to the Sunday Times, various industry experts have been called on to advise on potential approaches.
Home Retail's board is said to be on the alert for an offer, the newspaper reported.
In last month's half-year results, the company disappointed with a profit warning as it revealed like-for-like sales at Argos dropped 3.4% and cautioned that it was uncertain how customers would respond to the upcoming 'Black Friday' sales event.
The stock most recently closed at 103.4p.