ALH goes with Coles bid
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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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TAKEOVER target Australian Leisure &amp; Hospitality had not, by late yesterday, received any type of formal offer from Coles Myer.
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Newcastle&#039;s John Hall, who holds the major stake in the Premiership club, said he has been approached by a third party who wants to buy his shares.
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A Macquarie Communications Infrastructure Group (MCG) led consortium (âConsortiumâ), in which Macquarie Bank Limited (MBL) has an approximate 13% interest, today announced it has been selected as the successful bidder for the acquisition of National
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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: Australian retailer Woolworths Ltd has upped the stakes in the bidding war for ALH Ltd. offering more money than giant rival Coles Meyer did last week but then giving the pub and liquor store group just over four hours in which to accept.
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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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SYDNEY - Woolworths has sealed its position as the country&#39;s top liquor retailer with its joint A$1.33 billion ($1.42 billion) bid for pubs chain ALH, beating rival Coles Myer.
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Anglian Water-owner AWG says it has received an approach which may lead to a bid for the company.
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SYDNEY: Woolworths Ltd said it will extend its latest bid for hotels group ALH Ltd after Australia&#39;s takeover regulator intercepted what could have been a knock-out blow in the retail giant&#39;s takeover battle with rival Coles Myer.
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WOOLWORTHS chief executive Roger Corbett has three great advantages over Coles Myer&#39;s John Fletcher. Unless Fletcher recognises and counters these advantages, then Corbett will win with devastating effects on the long-term Coles share price.
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The Takeovers Panel said today that Brundwo Pty Limited has offered two undertakings relating to its proposed A$1.2 billion bid for Australian Leisure &amp; Hospitality Group Limited (ALH).
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Shares in the pub and bottle shop owner Australian Leisure &amp; Hospitality Group slipped yesterday after Coles Myer chief executive John Fletcher gave his strongest indication yet that the retailer&#39;s
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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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Australia&#39;s biggest supermarket group, Woolworths Ltd, has won a fierce Aust. $1.33 billion ($1 billion) battle for pubs chain ALH on Tuesday, beating out rival Coles Myer Ltd which has conceded defeat.
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SHARES in Coles Myer raced to another record high yesterday as chief executive John Fletcher forecast double-digit sales growth for 2004-05 after a barnstorming start to the financial year.
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SYDNEY (Dow Jones)--Woolworths Ltd. (WOW.AU) raised its takeover offer for Australian Leisure &amp; Hospitality Group Ltd. (ALH.AU) for the third time Monday as it bet