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Retailer Coles Myer review process
15 Mar '06
1 min read
Leading retailer The Coles Myer Board has received and is considering bids for purchase of the Myer business.
The Board is considering bids for the business in tandem with bids submitted for the purchase of the Myer Melbourne property.
Once these bids have been considered in full, the Board will be in a position to finalise its determination of whether retention, sale or demerger of the business will create greatest value for shareholders.
Coles Myer was formed in 1985 after the well-established retailing group Coles merged with The Myer Emporium Limited. This merger brought together two of the nation's most successful retailers into a unified group made up of some of Australia's most popular brands.
The Board is considering bids for the business in tandem with bids submitted for the purchase of the Myer Melbourne property.
Once these bids have been considered in full, the Board will be in a position to finalise its determination of whether retention, sale or demerger of the business will create greatest value for shareholders.
Coles Myer was formed in 1985 after the well-established retailing group Coles merged with The Myer Emporium Limited. This merger brought together two of the nation's most successful retailers into a unified group made up of some of Australia's most popular brands.
Coles Myer Ltd
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