(Reuters) - MELBOURNE, June 21 - A $17 billion auction for
Australian retailer Coles Group Ltd. was thrown into
disarray on Thursday, with a source saying one bidding group
was set to withdraw but Coles denying anyone had pulled out.
If the bidder group -- a private equity consortium led by
Texas Pacific Group [TPG.UL] -- does pull out, it would leave a
A$19.7 billion offer from conglomerate
Wesfarmers Ltd. as the only one on the table.
Read more at Reuters.com Mergers News
Australian retailer Coles Group Ltd. was thrown into
disarray on Thursday, with a source saying one bidding group
was set to withdraw but Coles denying anyone had pulled out.
If the bidder group -- a private equity consortium led by
Texas Pacific Group [TPG.UL] -- does pull out, it would leave a
A$19.7 billion offer from conglomerate
Wesfarmers Ltd. as the only one on the table.
Read more at Reuters.com Mergers News
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