Woolworths reveals updated details of demerger plans theshout.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theshout.com.au Daily Mail and Mail on Sunday newspapers.
Chairmen tell of life-changing events
Three of the most influential chairmen in Australian business have gone unplugged at the Australian Shareholdersâ Association Investor Conference.
Jun 2, 2021 â 12.00am
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A near-fatal experience caused by a stingray, a long trek in Nepal and possibly the worst employee feedback in history are the life-changing events revealed by the chairmen of Telstra, Commonwealth Bank of Australia and Woolworths.
John Mullen from Telstra, Catherine Livingstone (CBA) and Gordon Cairns (Woolies) opened up about personal matters during a âchairmanâunpluggedâ session at the Australian Shareholdersâ Association Investor Conference in Sydney on Tuesday.
Front and centre: Gordon Cairns (Woolworths Group), Catherine Livingstone (Commonwealth Bank) and John Mullen (Telstra) at the ASA conference in Sydney on Tuesday.
May 29—As the weather heats up and more motorcyclists are riding, safety officials are asking them and other drivers to share the road and practice safety. Over the last five years, Dayton Police Sgt. Gordon Cairns said there have been more than 800 crashes involving motorcyclists in Montgomery County. The crashes have resulted in 28 deaths with 13 of them taking place in the city. Dayton .
Woolworths (ASX:WOW) share price rises on Endeavour demerger update
James Mickleboro | May 10, 2021 10:14am |
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At the time of writing, the retail conglomerate’s shares are up 1.5% to $40.00.
Why is the Woolworths share price rising?
Investors have been buying the company’s shares following the release of an update on its Endeavour Group plans.
According to the release, the Woolworths board has determined that a demerger is likely to enhance shareholder value over time and is preferable to other available options.
The company notes that the proposed demerger is the final step in a process that involves the combination of Woolworths Group’s drinks and hospitality businesses to form Endeavour Group through a restructure of Endeavour Drinks and subsequent merger with ALH Group.