Premium for Lew’s Country Road stake

Country Road’s board has recommended shareholders accept the offer in the absence of a superior proposal. Woolworths owns 88. 1 per cent of Country Road and Lew has an 11. 8 per cent stake. 3 SBS Tour de France coverage undermined by rogue … 4 Ord Minnett used loophole to reap fees otherwise …

An independent expert has confirmed that South African retailer Woolworths is paying a premium to take full control of Country Road and buy out Solomon Lew, who threatened to block its $2. 2 billion acquisition of David Jones.

Read more here: SMH

    

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