Bidder starts DJs hard sell

South Africa’s Woolworths trying to convince shareholders on DJs value.

South Africa’s Woolworths Holdings this week begins the delicate balancing act of convincing its shareholders it has snared a bargain in David Jones without tipping off the shareholders of the company it’s buying.

Woolworths chief Ian Moir says David Jones’ property assets, its wholly owned stores in Sydney and Melbourne CBDs, will be high on the list of positives he presents to his shareholders in a series of presen­tations this week.

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