Woolworths on Tuesday offered to buy Lew out of Country Road at a massive premium of A$17 a share, handing the Melbourne-based businessman a A$188 million profit and removing his implied threat to ...

Woolworths’ offer price of A$17 a share for Mr Lew’s Country Road stake represents a 21.4 per cent premium to Monday’s closing price and values the outstanding shares at A$213m.

The move by Melbourne-based Lew, who has held his minority stake in Country Road for 17 years, was widely seen as a tactic to force Woolworths, which owns the rest, to buy out his stake, currently ...

South Africa’s Woolworths Holdings Ltd’s $200 million bid to buy out Australian retailer Country Road Ltd shareholders was fair and reasonable, an independent expert said on Monday. Woolworths ...

Cape Town - Woolworths Holdings [JSE:WHL] is pleased to announce that it has achieved over 90% relevant interest in Country Road. As a result of acceptances received in respect of its takeover offer ...

RETAIL magnate Solomon Lew looks unlikely to squeeze any extra cash out of South Africa’s Woolworths after the group declared its $17 per share takeover offer for Country Road final, saying it ...

Australian regulators said South Africa's Woolworths should provide an independent valuation of Country Road Ltd due to concerns investor Solomon Lew may benefit unfairly from selling Woolworths his ...

Woolworths welcomed the findings, which will help ease any shareholder concerns that it paid too much for the Country Road stake Sydney: South Africa’s Woolworths Holdings Ltd’s $200 million ...

Score one for Solomon Lew, the Australian billionaire and former chairman of retailer Coles. Woolworths Holdings just announced it will bid A$17 per share for the remaining stake in Country Road ...

Woolworths, which already owns 88 per cent of Country Road, is offering $17 a share as part of its cash offer, a 21.4 premium to its closing price of $14 on Monday.

SA’s Woolworths Holdings Ltd has offered to buy the 12 percent of Country Road Ltd it does not already own from billionaire Solomon Lew. Wednesday, May 28, 2025 News ...

Cape Town - Woolworths Holdings [JSE:WHL] is pleased to announce that it has achieved over 90% relevant interest in Country Road. As a result of acceptances received in respect of its takeover offer ...