(Reuters) - Wesfarmers Ltd. , which agreed to buy Coles for
A$20.7 billion in cash and stock on Monday, was
the lone bidder after the owner of hardware stores saw its
private equity partners, Permira and Pacific Equity Partners
, withdraw over the weekend on concerns about the rising
cost of debt, according to a source familiar with the matter.
Rival private equity firm Texas Pacific also quit the Coles
auction last week on debt market worries.
Read more at Reuters.com Mergers News
A$20.7 billion in cash and stock on Monday, was
the lone bidder after the owner of hardware stores saw its
private equity partners, Permira and Pacific Equity Partners
, withdraw over the weekend on concerns about the rising
cost of debt, according to a source familiar with the matter.
Rival private equity firm Texas Pacific also quit the Coles
auction last week on debt market worries.
Read more at Reuters.com Mergers News
No comments:
Post a Comment