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Article: BUSINESS IN ASIA TODAY - JULY 2, 2007.
- Article from:
- AsiaPulse News
- Article date:
- July 2, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on July 2, 2007. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
WESFARMERS LAUNCHES $US18.8 BLN OFFER FOR COLES
SYDNEY - Wesfarmers Group Ltd (ASX:WES) has made a A$22 billion (US$18.8 billion) cash and share offer for Australia's second biggest retailer, Coles Group Ltd (ASX:CGJ). The offer is to be carried out by scheme of arrangement and has the recommendation of the Coles board. The consideration for each Coles share is A$4.00 in cash, and 0.2843 Wesfarmers shares for each Coles share. Coles shareholders will also be ...