Metcash moving along with bid for Home Hardware.

  1. 2,619 Posts.
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    Metcash has asked the ACCC for a ruling on its potential bid to buy Home Hardware from Woolworths it says here in the SMH.
    Things moving along nicely. As has been stated, there is nice synergy with Mitre 10. Bigger hardware chain + competitor exiting the market. What's not to love?
    Charter Hall, among the smarter Fund Managers, is seeing the value too and may partner with Metcash in the purchase.
    Shorts continue to exit, bruised. Wise folks. This news may just bust the resistance at around $1.80 now and then that massive gap will be ripe to close. it's taken a while but it will be worth it.
    Last edited by Idle Wanderer: 07/05/16
 
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