Investors discount chance of rival DJs bid

Trading in David Jones shares shows that investors have little expectation of a higher bid to trump the rich offer from Woolworths.

Shares in David Jones remained below $4 in opening trade today, suggesting the market has little expectation of a rival bid emerging to trump a $2.15 billion all-cash takeover bid from South African retailer Woolworths Holdings.

DJs is recommending shareholders accept the offer from Woolworths -- which is unrelated to Australian retailer Woolworths Ltd -- which will be executed by a scheme of arrangement on which shareholders will vote at a meeting to be held in June.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles