Following an interim ruling by the Corporations and Securities Panel, seeking
further evidence, Coles Myer said its Liquorland subsidiary had issued proceedings
in the state Victorian Supreme Court.
AUSTRALIA: ALG takeover fight headed for the courts
The A$54 million (US$28m) dispute between Australian retailer Coles Myer and its takeover target retailer Australian Liquor Group is headed for the courts. Following an interim ruling by the Corporations and Securities Panel, seeking further evidence, Coles Myer said its Liquorland subsidiary had issued proceedings in the state Victorian Supreme Court.
August 2, 2001