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
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024