Inside the Australian and New Zealand book industry

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Coles takeover bid accepted

Coles Group, Australia's largest retailer--which includes Kmart, Target and Officeworks as well as Coles supermarkets--is finally set to change hands after a bid by Wesfarmers (the owners of the Bunnings hardware chain) was accepted by the Coles board of directors. The Wesfarmers bid, which values Coles at $22 billion, is...

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Category: Local news