Foodland gets offer for Australian unit
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SYDNEY Metcash Trading, Australia&#39;s biggest grocery wholesaler, said Monday that it had offered 846 million Australian dollars, or $660 million, in cash or stock for Foodland Associated&#39;s Australian business, to complete a nationwide distribution network.
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Australia&#39;s second largest retailer Coles said Monday it had agreed to a 22 billion dollar (18.7 billion US) buyout offer from conglomerate Wesfarmers, the largest corporate deal in Australian history.
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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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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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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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Wholesale grocer Metcash Trading has announced that it intends to make an off-market takeover offer to acquire the entire issued share capital of Australian supermarket group Foodland Associated.
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SYDNEY (Dow Jones)--Australian diversified property group Stockland (SGP.AU) is set to launch a share-based bid for General Property Trust (GPT.
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Australian wholesaling group Metcash Trading Ltd. launched an audacious A$846 million ($661 million) bid Monday, Dec. 6, to buy the Australian assets of larger rival wholesaler Foodland Associated Ltd.
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Australia's second-largest retailer, Coles Group Ltd. , agreed to a A$22 billion ($19 billion) bid, including debt, from conglomerate Wesfarmers Ltd. , in the country's biggest takeover.
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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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SYDNEY - San Miguel Corp. launched a takeover bid on Thursday for Australia&#39;s largest dairy company, National Foods, topping a previous offer from New Zealand&#39;s Fonterra as the Philippines brewing giant moved to expand its non-alcoholic food holdings.
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Foodland Associated has been making inroads in New Zealand and this may help strengthen its position in Australia, where it faces fierce competition from bigger rivals, such as Coles.
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The company has been rebuffed in Australia as it tries to grow.
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National Foods Ltd., Australia&#39;s biggest fresh milk producer, ended merger talks with SPC Ardmona Ltd. so investors can consider Fonterra Cooperative Group Ltd.
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Australian company trumps hostile bid from Alcoa with $43B friendly offer.
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Australiaâs largest airline agreed to an $8.7 billion buyout offer from a consortium led by Macquarie Bank and the Texas Pacific Group.
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Australian airline Qantas receives a takeover approach from Macquarie bank and Texas International.