Coles rejects Wesfarmers/PEP bid; KKR back in the running

Tuesday, 10 April 2007 Books+Publishing

The ongoing saga of who will own the Coles Group has taken another two turns in recent days.First, the board of Coles rejected the $20 million bid by Wesfarmers and PEP made last week, saying that it wasn't high enough and advising shareholders not to sell.‘This is Coles trying to...