Tagged: David Jones

Thumbnail for 18928

DJs chairman was ‘unconcerned’ by Lew’s stake

By Blair Speedy - The Australian In an interview with The Australian, Mr Cairns said that he met Mr Lew in Melbourne after the billionaire had begun purchasing shares in DJs in May — a...

Thumbnail for 18952

DJs deal never in doubt, says chairman

However, in his first on-the-record interview since Mr Lew emerged on the scene and threatened to block the deal, Mr Cairns said Woolworths only agreed to pay $4 a share after gruelling day-long negotiations...

‘Premium’ offer may not woo Lew

The experts were prohibited from including in their valuation another $30 million in synergies, such as cheaper sourcing, that Woolworths expects to generate from having full control of David Jones and Country Road, saying...

Thumbnail for 18505

Why the price for Country Road is right for Woolworths and Lew

By Stephen Bartholomeusz The Lonergan Edwards conclusion, if the benefits Woolworths expects from fully owning both David Jones and Country Road are factored in, could be interpreted as Country Road shareholders (Lew, primarily) being...

Country Road bid a premium: expert

By Elizabeth Redman Mr Lew has been a thorn in the side of Woolworths, taking a 9 per cent stake in David Jones after the South Africans lobbed a $4 per share bid for...

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....

DataRoom AM: Asciano's China charm

By Daniel Palmer Should a deal get done it would mark the second major infrastructure deal of the year for the suitor after it purchased a 99-year lease on the Port of Newcastle as...

Thumbnail for 17389

Solomon Lew’s DJs gamble pays off

The corporate cop stopped short of opposing court approval for the scheme, but withheld its consent, alleging that Woolworths’ $213 million mop-up offer for Country Road was a multimillion dollar inducement or collateral benefit...

ASIC takes a principled stance on DJs

By Stephen Bartholomeusz Today’s Federal Court ratification of the scheme of arrangement for the $2. 2 billion acquisition of David Jones by South Africa’s Woolworths group produced a sensible outcome, with David Jones shareholders...

David Jones to depart ASX after court approval

By Mitchell Neems and Maggie Lu Yueyang The Federal Court has previously rejected a request by ASIC for an independent expert’s valuation of a claimed “collateral benefit” for Mr Lew from Woolworths’ agreement to...