Friday 14th June 2002 |
Text too small? |
At deadline yesterday, dominant supermarket owner Foodstuffs was seeking a judicial review of the Overseas Investment Commission's actions in allowing the Woolworths-Progressive merger to proceed. It was granted a one-day interim injunction in the High Court at Auckland on Wednesday.
Yesterday it was seeking a continuation of the injunction stopping the merger, while the question of a judicial review of the commission's actions in relation to the merger is examined.
Progressive owner Foodland Associated announced on Tuesday it had agreed to buy Woolworths for $690 million but was stopped in its tracks by Foodstuffs' surprise move.
No comments yet
EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills