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ID: 31532
Title: Wesfarmers launches $16 bln bid for retailer Coles (Reuters)
Description:

A shopper at a Coles Group department store in an undated photo. Australian conglomerate Wesfarmers said on Tuesday it has secured voting control over 11.3 percent of struggling retailer Coles Group, which has put itself up for sale. (Coles Group/Handout/Reuters)Reuters - Australia's Wesfarmers Ltd. said on Tuesday it planned a A$19.7 billion ($16.1 billion) takeover for underperforming retailer Coles Group Ltd. , in what would be Australia's biggest ever takeover.
Category: Business/
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Date Added: April 03, 2007 10:58:10 AM
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