Country Road bid final: Woolworths

South African group hopes to acquire 100% of target, buying out Solomon Lew.

Retail magnate Solomon Lew looks unlikely to squeeze any extra cash out of South Africa's Woolworths after the group declared its takeover offers for Country Road and David Jones are final.

Woolworths said it will not increase its offer prices of $17 per share for Country Road and $4 per share for David Jones.

The suitor already has an interest in 87.88% of Country Road's shares, with Mr Lew a key minority shareholder.


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