(Reuters) - Wesfarmers, which launched a share raid on Coles late on Monday, said it would pursue discussions with Coles, which is also expected to attract a bid from a rival private-equity consortium led by Kohlberg Kravis Roberts & Co .
Sources said Wesfarmers bought a 3.4 percent stake late on Monday at A$16.47 a share, a 2.2 percent premium over Monday's closing price, and had looking to buy up to 15 percent.
Read more at Reuters.com Business News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment