Why the price for Country Road is right for Woolworths and Lew

New independent expert analysis suggests any 'collateral benefit' received by Solomon Lew for his stake in Country Road may be more muted than previously thought.

Country Road’s independent expert has come to the unsurprising conclusion that South Africa’s Woolworths is paying a premium in a bid for the outstanding shares in Country Road that values that business at about $1.89 billion. At face value, that would appear to suggest Solomon Lew is getting paid over the odds for not derailing Woolworths' $2.2bn bid for David Jones.

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