Buy Gus Before the Split

The Sunday Telegraph London (April 02, 2006)

Author: Edited By Sylvia Pfeifer

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Summary

NEWS of the long-anticipated break-up of GUS, the retail and financial services group, met a chilly response in the market last week. But there seems every reason to believe that the shares ( pounds 10.55p) will spark into life over the weeks and months ahead.

GUS is being split down the middle. Its retail business, which comprises Argos, the catalogue shop, and Homebase, the DIY chain, will become one company, while Experian, its financial services division, will be another.

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Extract

Buy Gus Before the Split

Shareholders will get an equal stake in both the new companies - if you own 1 per cent of GUS today, you will end up with 1 per cent of Experian and 1 per cent of ARG, the name of the new retail business.

Experian will be issuing new shares at the time of its listing, to get round complications related to the transfer of the g...

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