Country road is a go!

A couple of interesting company announcements this morning, firstly from Woolworths in which the Australian Foreign Investment Review Board have okayed their takeover offer for the rest of Country Road that they did not own. Woolies owned (as per the release) on the 23 of July after market, 87.92 percent of Country Road. Who are these shareholders who are going to get bumped out? Long suffering it seems. I have to share this, from the annual report:





Brilliant. I love the fact that the small shareholders, who own small parts of the company get to be part of the shareholders list inside of the annual report. People like Mrs Kerri Louise Summers, who owns 25,479 shares. And Mr Juan Carlos Fuentes with his 9,487 shares. They are the fourth and fifth biggest shareholders collectively, owning 0.03 percent of the company. More importantly for you as a Woolworths shareholder is that Australian Retail Investments Pty Limited (Solomon Lew), which owns 11.88 percent of the company, has accepted the offer from the South African company triggering the offer to minorities as you can see. Folks like Kerri and Juan Carlos. Another obstacle removed, Woolworths in the end got what they wanted.