The Week: City news - Woolworths rejects offer

campaignlive.co.uk, Friday, 22 August 2008 12:00AM

Malcolm Walker, the owner of Iceland, has had a takeover bid rejected by the struggling high-street retailer Woolworths.

The Baugur Group, the Icelandic investment company that owns 10 per cent of Woolworths, backed the offer, which is thought to have totalled less than £50 million. The retailer said that the offer was too low and would have burdened it with pension liabilities.

This article was first published on campaignlive.co.uk

X

You must log in to use Clip & Save

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Campaign Jobs