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Unknown buyer, Coles Myer in oz’s biggest buyout talks
1points
Coles Myer Ltd has been approached by a potential buyer, in what would be Australia’s biggest takeover. Shares of the nation\'s second-largest retailer climbed to a record, valuing it at A$15.9 billion ($12.2 billion). “The board will consider any bona fide proposals,” the Melbourne-based company said in a statement on Thursday, which did not identify who made the approach.
Source: http://www.financialexpress.com/fe_full_story.php?content_id…
Comments
Will foreign investment be good for local growers of meat, fruits, vegetables etc? I think not, it will just make it more difficult for them to compete and perhaps squeeze them out of the market. Do we want Australia to become more like America and all our retail stores be owned by Walmart?
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