Friday, August 15, 2008

Woolworths to seek leave to appeal to Supreme Court

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.

The Warehouse @ Share Investor

When will The Warehouse bidders make their move?

Long vs Short: The Warehouse Group
Warehouse bidders ready to lay money down
The Warehouse set to cut lose "extra" impediment
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

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Related Links

The Warehouse Financial Data

Related Amazon Reading

Wal-Smart: What It Really Takes to Profit in a Wal-Mart World
Wal-Smart: What It Really Takes to Profit in a Wal-Mart World by William H. Marquard
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