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Woolworths/Endeavour Demerger Benefits?


1:13 PM
After confirmation of the proposed demerger, investors will be asking: Do I retain my Woolworths shares and/or hold shares in the newly-formed Endeavour Group?
-Scope for both Endeavour Group and Woolworths to re-rate
-Potential return of $1.6bn-$2.0bn to shareholders
-Positive outcomes for demergers since the year 2000
By Mark Woodruff
As first announced in July 2019, Woolworths ((WOW)) has confirmed it will be proceeding with the demerger of Endeavour Group subject to shareholder approval at an Extraordinary General Meeting on June 18. If approved, the demerger will create two independent ASX-listed companies with Endeavour Group likely to be a top ASX50 company. ....

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Woolworths (ASX:WOW) share price rises on Endeavour demerger update


Woolworths (ASX:WOW) share price rises on Endeavour demerger update
James Mickleboro | May 10, 2021 10:14am |
More on:
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. ....

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