CVC exits group eyeing bid for Australia's Coles
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SYDNEY/MELBOURNE  - Private equity group CVC  pulled out of a consortium eyeing Australia's Coles Group Ltd. , but analysts said the group still had plenty of financial firepower to pursue its bid.
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The withdrawal of private equity  bidders from an auction for Australian retailer Coles Group  Ltd.  has underscored how the demands of increasingly  risk averse borrowers threaten some of the more debt-laden  deals.
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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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COLES Myer was weighing up its options last night as the ding-dong auction for pubs group Australian Leisure &amp; Hospitality got dirty.
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Australian retail giant Coles Myer launched a 1.18 billion dollar (861 million US) bid for pub and liquor store group ALH, trumping a lower offer by rival Woolworths.
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COLES Myer yesterday waltzed in and trumped rival Woolworths in the battle for pubs group Australian Leisure &amp; Hospitality. But Coles chief John Fletcher&#39;s $3.
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SYDNEY (Dow Jones)--Coles Myer Ltd. (CM) and Macquarie Bank Ltd. (MBL.AU) were Wednesday night close to finalizing a fresh bid for pubs and liquor group Australian Leisure &amp; Hospitality Group Ltd.
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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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When Vertex Pharmaceuticals Inc. senior vice president Dr. N. Anthony Coles resigned two years ago, the Cambridge biotech company said he left to take another job.
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Wesfarmers Ltd.  is close to sealing its takeover of Australian retailer Coles Group Ltd.  after sweetening its bid in last-minute weekend negotiations, the Australian Financial Review said on Monday.
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SYDNEY/ MELBOURNE  - Private equity giants Kohlberg Kravis Roberts  and CVC  pulled out of a consortium eyeing Australia's Coles Group Ltd. , but the bid group said it was still in the race for the retailer.
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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: Takeover battle looms after investment fund backed by government of Qatar confirms it is considering a Â£12bn bid for the supermarket chain.
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The withdrawal of private equity bidders from an auction for Australian retailer Coles Group Ltd.  has underscored how the demands of increasingly risk averse borrowers threaten some of the more debt-laden deals.
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SYDNEY (Dow Jones)--The world&#39;s largest owner of shopping malls, Australia&#39;s Westfield Group (WDC.AU), bid GBP585 million for Chelsfield PLC (CLF.
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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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Williams Cos. announced Thursday that it is abandoning efforts to sell its energy trading business, the once high-flying unit whose collapse nearly led to the company&#39;s insolvency.