DataRoom AM: Woodside attraction

Shell selling down its Woodside stake has the market abuzz with speculation that another suitor may be waiting in the wings, while Woolworths SA shareholders show their support for the DJs takeover.

A longtime drag on the stock of Woodside Petroleum has finally been removed as Shell yesterday rid itself of most of its 23 per cent stake. But as one former suitor exits the scene, could another emerge?

Elsewhere, the takeover of David Jones clears its second last hurdle, the chase for Ambassador Oil & Gas heats up and Orica weighs the best way forward on a divestment of its non-mining chemical operations.


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