You are currently browsing the Business & Financial News weblog archives for the day Wednesday, November 7th, 2007.

Сoles’ shareholders have approved sale of the company for $18,2 billion

Shareholders of Australian retailer Coles Group Ltd. have voted for purchase of the company by competitor Wesfarmers Ltd for 19,6 billion Australian dollars (18,2 billion dollars).
Holders of 99,25 % of Coles’ securities have voted for the transaction. Nevertheless, merge should be still approved by authorities of Australia. Hearing of this case is planned for November, […]