Foodstuffs quits 9% stake in The Warehouse
The minimum sale price values the holding at no less than $101m.
The Warehouse Group went into a trading halt this morning as Foodstuffs moved to offload its 9% holding in the retailer for at least $3.25 a share.
The underwritten floor price gives the holding of 31.1 million shares a value of no less than $101.1m, a significant loss on the $152.7m it paid for
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