Stocks Special Reports LICs Credit Technical Analysis Funds ETFs Tools SMSFs
Learn
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features Technical Analysis SMSFs Learn
About

Company News Summary

Woolworths Provides Update on Home Improvement Exit - Arbitration

21 Apr 2017  |  09:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on Home Improvement Exit - Arbitration

Woolworths announced that it notes that an award has been made in the confidential arbitration between the Company and Lowe's in relation to their home improvement JV. As a result, Lowe's is required to sell its shares in the JV Company, Hydrox Holdings, for a value determined by a third-party independent expert as at 18 January 2016, within the range of the valid independent expert's interim valuations previously obtained by each of the Company and Lowe's.

Please click here for full details

See more ASX300 News Announcements