what the . . ., page-5

Unless I've missed something, I think you may be a bit pre-emptive in your comments.

5 o'clock business news was quoting the Board Chairman as saying that there had been a number of informal approaches to Coles re takeovers etc and that the Board had decided it was now appropriate to formalise the process so that the informal "approachers" could put up or shut up (my paraphrasing).

Prudent decision by the Board and would be expected by serious shareholders, imo.

May or may not result in a sale of the Co.

Anyway, no doubt much more to emerge in coming days / weeks I imagine.

cheers & good w/e to all.