Filed under: International News
By Robert Fenner
Sydney – Wesfarmers, Australia’s biggest home-improvement retailer, and buyout firms led by Pacific Equity Partners offered A$19.7 billion (R115 billion) for Coles Group in a record takeover for an Australian company.
Wesfarmers was offering A$16.47 a share in cash or stock, the Perth-based company said yesterday. The offer is 8 percent more than a Kohlberg, Kravis Roberts-led bid that
Australia’s second-largest retailer rejected in October.
The bidding group includes London-based Permira Holdings and Macquarie Bank, the nation’s largest securities firm.
Filed under: Local News
Retail sales growth accelerated to an annual 15.9 percent last month, even after the central bank increased interest rates to crimp spending, an industry survey showed.
Retail sales growth rose from an annual 15.4 percent in January, the Retailer Liaison Committee said yesterday. The data are not adjusted for inflation.
Filed under: Local News
Ever stood in line at the supermarket and fantasised about turning into King Kong, so you could dispense with all those other shoppers and trolleys with one great swipe? That’s shopping rage, says Helen Grange
April 04, 2007 Edition 1
Few things in life beat the stress of being in a busy supermarket, bar perhaps being gridlocked on the Ben Schoeman highway.
Filed under: Local News
April 4, 2007
By Tom Robbins Cape Town – Yesterday retailer New Clicks held on to the 6.6 percent spike in its share price on Monday, prompting speculation that it is a takeover target.
BoE Private Clients research analyst Barbara Price-Hughes said that in the context of recent foreign interest in local retailers, talk in the market could lead to dramatic rises in share prices.
She added that there was “no specific trigger” for the rise.
