Australian retailer Woolworths exits Endeavour Group three years after spin-off [Yahoo! Finance Canada]
Golar LNG Limited - Common Shares (GLNG)
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Source: Yahoo! Finance Canada
By Sherin Sunny and Rishav Chatterjee (Reuters) - Australian retailer Woolworths has decided to exit the owner of liquor store chain Dan Murphy's and BWS bottle shops, ending its long-standing relationship with Endeavour Group, about three years after spinning it off. Australia's largest supermarket chain said on Monday it has agreed to sell its remaining 4.1% stake in the liquor store and pub operator via a block trade at a price of A$5.23 apiece to generate A$383 million ($258.75 million). Woolworths, also known as Woolies, had in 2019 merged its hospitality and liquor-related operations into a single company, then named Endeavour Drinks, which was spun off with Woolworths holding an 85% stake. The supermarket chain has been gradually diluting its stake in Endeavour over the last five years. It sold a stake worth A$636 million in the hospitality operator in 2022, in what it said was a transition from owning Endeavour to becoming partners. In May, Woolworths sold another 5
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News
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- Golar LNG Limited (NASDAQ: GLNG) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
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- Key information relating to the cash dividend to be paid by Golar LNG Limited (Ticker: GLNG)GlobeNewswire
GLNG
Sec Filings
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/8/24 - Form SC
- GLNG's page on the SEC website