AUSTRALIA: Woolworths wins battle for ALH
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Australian supermarket group Coles Myer has admitted defeat in the takeover battle for Australian Leisure and Hospitality Group (ALH) after rival bidder Woolworths said it had secured more than 20% of its target.
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Business & money: Stakes raised in battle for control of ABN Amro as Royal Bank of Scotland-led consortium trumps Barclays' offer for Dutch bank.
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WOOLWORTHS has triumphed in a protracted two-way takeover battle for Australian Leisure and Hospitality after securing enough shares to discourage rival Coles Myer from making a seventh increase in the bid price for the pubs and pokies group.
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Australian regulators intervened on Monday in the escalating fight for control of the pub operator Australian Leisure &amp; Hospitality Group, thwarting an attempt by the retailer Woolworths to trump its larger rival Coles Myer by presenting shareholders with
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Coles Myer has branded the new Woolworths bid offered for Australian Leisure &amp; Hospitality Group as unacceptable. Coles Myer, which has teamed up with Macquarie Bank through joint venture vehicle CMM Hotel
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SYDNEY (Dow Jones)--Coles Myer Ltd. (CML.AU) blinked first in the bitter and expensive battle for a sliver of Australia&#39;s A$11 billion retail liquor market, handing victory to arch rival Woolworths Ltd.
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Woolworths Ltd., Australia&#39;s biggest grocer, increased its stake in takeover target Australian Leisure &amp; Hospitality Group to 16.
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UK High Street retailer Woolworths will this year launch a digital music download service, the company&#39;s parent revealed today.
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AUSTRALIAN companies could successfully trademark their &quot;feta&quot; cheese, &quot;kalamata&quot; olives and &quot;parma&quot; ham in the lucrative European food market after a significant win by Australia and the US at the World Trade Organisation.
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SYDNEY (Dow Jones)--Australian retail heavyweight Woolworths Ltd. (WOW.AU) Monday said annual net profit rose 12% to A$731 million, and predicted solid growth this
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The move comes as the company tries to win back choosy high street customers amid fierce competition from the likes of Next and supermarket chain Asda.
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Gold Fields Ltd. won an appeal on Friday in its battle to stave off a hostile &#36;7.1 billion takeover by Harmony Gold Mining Co. that would create the world's largest gold mining company.
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SYDNEY: Australia&#39;s biggest supermarket operator Woolworths Ltd said yesterday it sees its liquor sales this financial year rising to $A3.5 billion, including its recent acquisition in Queensland, from $A2.1 billion in fiscal 2004.
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Retailer Woolworths continues to suffer in a "tough" market, reporting widening losses and falling sales.
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Sydney - Australian retailer Coles Myer on Tuesday said it would not raise its bid for pubs operator, Australian Leisure and Hospitality, as rival Woolworths said it had gained more than 20 percent of the company and declared its offer unconditional.
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Australia has forced the Chappell-Hadlee Trophy series into a decider, but only after surviving a stunning fightback by New Zealand in match two at the Sydney Cricket Ground.
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Australia&#39;s 35-year wait for a test series triumph on Indian soil ended yesterday when its fast bowlers ripped through the India&#39;s defenses to clinch a massive 342-run victory in the third test.