AUSTRALIA: Liquorland acquisition freeze results Thursday

By Tony Baker | 16 July 2001

Australia's Takeovers Panel hopes to reach a settlement by Thursday over the application by the Liquorland retail group to freeze it's A$54.2 million (US$27.4 million) takeover of the Australian Liquor Group. Liquorland, a subsidiary of the retail giant Coles-Myer is due to make its first payment to accepting ALG shareholders at that time.

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Australia's Takeovers Panel hopes to reach a settlement by Thursday over the application by the Liquorland retail group to freeze it's A$54.2 million (US$27.4 million) takeover of the Australian Liquor Group. Liquorland, a subsidiary of the retail giant Coles-Myer is due to make its first payment to accepting ALG shareholders at that time.

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