Coles ends talks for reported $4 billion deal with pet company
Coles Group has officially terminated negotiations to acquire the Greencross Pet Wellness Company, a deal previously estimated at $4 billion. Following the announcement, Coles' share price rose by over 4 percent.
Why it matters
The collapse of this deal signals a shift in retail consolidation strategies within the Australian pet care and supermarket sectors.
shares Share article Supermarket giant Coles has walked away from discussions with Australia ’s largest pet company about a potential $4 billion acquisition.
The report is a straightforward financial news update regarding corporate M&A activity.
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