SYDNEY, Aug 24 (Reuters) - Australia's top grocer Woolworths (WOW) put its shares on a trading halt on Wednesday ahead of an announcement on its home improvement joint venture.
Rival Metcash (MTS) also sought a trading halt on its shares pending an announcement regarding its participation in Woolworth's Home Timber & Hardware Group sale process.
In February, Woolworths posted its first loss in 23 years, prompting a business restructuring last month including job cuts and store closures. ($1 = 1.3144 Australian dollars)
News: Australia's Woolworths, Metcash on trading halt ahead of deal
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