AUS: Coles investors back Wesfarmers takeover
By: just-food.com | 7 November 2007
The sale of Australian retailer Coles Group moved a step closer today (7 November) when the company's shareholders voted in favour of its sale to Wesfarmers. Over 99% of votes from Coles investors approved the A$19.7bn (US$18.4bn) takeover, which was signed by the two companies back in July.
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The sale of Australian retailer Coles Group moved a step closer today (7 November) when the company's shareholders voted in favour of its sale to Wesfarmers. Over 99% of votes from Coles investors approved the A$19.7bn (US$18.4bn) takeover, which was signed by the two companies back in July.
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