(Reuters) - SYDNEY, April 3 - Australia's Wesfarmers Ltd. shook up the bidding for Coles Group Ltd. by taking a stake in the underperforming retailer, positioning itself for a potential A$20 billion takeover.
The Perth-based conglomerate joined forces with Macquarie Bank Ltd. and buyout firms to emerge as a surprise contender for Coles, which put itself up for sale in February, sources familiar with the situation said.
Read more at Reuters.com Mergers News
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