Woolworths Increases Australian Leisure Takeover Bid
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Woolworths Ltd., Australia&#39;s biggest grocer, increased its offer for Australian Leisure &amp; Hospitality Group to A$1.2 billion ($877 million) to stop rival bidder Coles Myer Ltd.
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Australian conglomerate Wesfarmers Ltd. on Monday offered 21.9 billion Australian dollars, or $18.6 billion, for retailer Coles Group Ltd. &#151; the largest takeover bid in Australian corporate history.
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Shares in MCI climb on speculation that rival phone firm Qwest has tabled a $6.3bn takeover offer.
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Directors of takeover target Australian Leisure and Hospitality Group said that if the offer by Woolworths-led Bruandwo Pty Ltd reaches $3.
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SYDNEY: Australian supermarket giant Woolworths raised its bid for pubs chain ALH to A$1.2bn ($898m) on Monday, but rival Coles Myer played for time by winning a deadline extension.
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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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AustraliaÂs national carrier, Qantas, said that it had been approached by Macquarie Bank and the Texas Pacific Group amid speculation of a takeover.
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The share price of British insurer Friends Provident leapt higher on Monday after American private equity company J.C. Flowers said it was considering a takeover bid.
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Australia&#39;s largest retailer Woolworths said Monday it would make an offer for some of the non-supermarket businesses of its biggest rival, Coles, which has put itself up for auction.
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BRUANDWO has bowed to the inevitable and drastically raised its bid for Victorian pubs group Australian Leisure &amp; Hospitality.
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WESTFIELD Group chairman Frank Lowy yesterday unveiled an audacious bid to double the size of his British holdings, in the latest overseas play by Australia&#39;s first family of retail.
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Shares in internet gaming firm Sportingbet jump 15% after it says has received a takeover approach.
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LONDON/AMSTERDAM  - The takeover battle for ABN AMRO  heated up on Monday with the Royal Bank of Scotland  consortium boosting the cash element of its 71.1 billion-euro ($98 billion) offer.
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AFTER months of procrastination - an attempt to wear down the shareholders of Australian Leisure &amp; Hospitality into accepting an under-priced offer - the joint bid vehicle of Woolworths and pubs king Bruce Mathieson, Bruandwo, has reversed tactics.
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AUSTRALIAN Pharmaceutical Industries has acquired New Price Retail in an attempt to bolster its retail presence amid growing competition from Woolworths and Coles.
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Australia&#39;s largest retailer, Coles Myer, waded into a takeover battle for the pub operator Australian Leisure and Hospitality Group yesterday, offering 1.18 billion Australian dollars ($856 million) in a bid with a local bank.
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THE Australian dollar was trading stronger today as news of a takeover bid for Australian mining company WMC Resources supported the currency during morning trading.