From the BBC
Sainsbury's has offered £1.3bn to win control of Argos owner Home Retail Group.
After revealing earlier this month that an approach last year was rejected, the supermarket giant has offered the equivalent of 161.3p a share for the retailer.
Presumably, the contract was signed with a small blue biro and then had to wait for their number to collect their shares.
(I do actually like Argos - they have some good bundle deals on Wii U games, you can order from home and collect the same day and you're in and out in 5 minutes).