Coles Myer takeover collapses
24 October 2006 @booksandpublishing
The takeover bid for retailer Coles Myer by US-based venture capital group Kolhberg Kravis Roberts (KKR) has been abandoned.The Coles Myer board last week rejected a revised KKR bid that valued the company at $18.2 billion, saying it ‘still considerably undervalued the company and its prospects.'Some institutional shareholders have been...
Category: Local news