The price of neutralising Solomon Lew

Woolworths' offer of $17 a share for Solomon Lew’s stake of Country Road is a steep price to pay, but the retailer will no doubt believe it's worth it to finally get rid of the thorn in its side.

So, Solomon Lew and South Africa’s Woolworths have struck a deal to give him a massive profit on his Country Road shareholding in order to give him an inducement to not block Woolworths’ $2.2 billion bid for David Jones. Well, actually they haven’t -- because they know they can’t.

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