(Reuters) - MELBOURNE, July 2 - Australian conglomerate
Wesfarmers Ltd. is close to buying retailer Coles
Group Ltd. after sweetening its bid to as much as
A$20.7 billion , the largest takeover in
Australian corporate history.
Wesfarmers, which owns Australia's largest hardware chain,
Bunnings, was holding talks with Coles on Monday. Trading in
the shares of both companies has been suspended until
Wednesday, unless an announcement was made sooner.
Read more at Reuters.com Mergers News
Wesfarmers Ltd. is close to buying retailer Coles
Group Ltd. after sweetening its bid to as much as
A$20.7 billion , the largest takeover in
Australian corporate history.
Wesfarmers, which owns Australia's largest hardware chain,
Bunnings, was holding talks with Coles on Monday. Trading in
the shares of both companies has been suspended until
Wednesday, unless an announcement was made sooner.
Read more at Reuters.com Mergers News
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