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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Wesfarmers Ltd | ASX:WESCD | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 64.12 | 62.91 | 63.94 | 0.00 | 01:00:00 |
From May 2019 to May 2024
LONDON--Home Retail Group PLC (HOME.LN) said Thursday that shareholders approved the resolution to sell its DIY chain Homebase to Bunnings (U.K.&I) Holdings Ltd., a subsidiary of Wesfarmers Ltd.
Home Retail which also owns Argos--the catalogue retailer--said 591.3 million votes, representing 99.33% of the votes cast favored the disposal.
Last month, Home Retail said it is selling Homebase to Australian diversified retailer Wesfarmers for 340 million pounds ($489.74 million), and plans to return GBP200 million to shareholders.
Completion of the proposed transaction is expected to occur during the first quarter of the 2016 calendar year.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
(END) Dow Jones Newswires
February 25, 2016 09:01 ET (14:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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