Woolworths sells Dick Smith for $20m

Woolworths sells Dick Smith for $20m

Mumbai : India | Sep 26, 2012 at 4:56 PM PDT
Source: Sydney Morning Herald
Views: Pending
Woolworths said it had signed a share sale agreement with Anchorage and the deal was expected to be finalised in late 2012. Anchorage will take control of the 325 Dick Smith stores, which employ more than 4,500 staff. "Initial cash proceeds will be $20 million to be received in FY13 with Woolworths potentially... FULL ARTICLE AT Sydney Morning Herald
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