Reuters logo
South Africa's Woolworths shareholders approve David Jones deal
June 17, 2014 / 9:11 AM / 3 years ago

South Africa's Woolworths shareholders approve David Jones deal

CAPE TOWN, June 17 (Reuters) - Shareholders of Woolworths on Tuesday approved the South African retailer’s $2 billion acquisition of Australia’s David Jones.

Shareholders also backed the company’s plan to issue up to 30 percent its stock for a rights offer to partly fund the deal. (Reporting by Wendell Roelf; Writing by Tiisetso Motsoeneng; Editing by Stella Mapenzauswa)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below