As I tipped yesterday, and the first scoop for The Share Investor Blog, the decision for either Woolworths Australia[WOW:ASX] or Foodstuffs to make an appeal to the Supreme Court to challenge the decision made in the Court of Appeal was imminent, little did I know it was going to be announced an hour ago.
Woolworths announced this afternoon that they would seek leave from the Supreme Court to appeal the decision made against them and Foodstuffs in the Appeal Court 11 working days ago.
The Commerce Commission's Paula Rebstock will be positively apoplectic with rage and will fight this hard in the Supreme Court in Wellington.
Woolworths making the announcement is significant because they appear to be the most likely winner in a all out bidding war should the Warehouse be allowed to sold.
Woollies have the deepest pockets and today they are showing how aggressive they can be by being first out of the gate to inform the market that they are going all the way.
Given the hard edged nature of their business practice across the Tasman it is my opinion that they will be the owner of the Warehouse in due course.
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