Wesfarmers Ltd (ASX:WES) is a 100-year-old conglomerate which at various times has owned and operated some of Australia’s largest retail brands such as Kmart, Target and more. Today, its largest business is Bunnings Warehouse, the number-one DIY home improvement business.
Wesfarmers Ltd (ASX: WES) has released an update on its acquisition of Kidman Resources Ltd (ASX: KDR) this morning and it looks likely to go ahead.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.12% at lunch.
The Zip Co Ltd (ASX:Z1P) share price has risen more than 5% in response to another exciting update.
The Reliance Worldwide Corporation Ltd (ASX:RWC) share price is getting smacked today following the release of a trading update to the ASX.
Wesfarmers Ltd (ASX:WES) announced a bid to acquire 100% of Kidman Resources Ltd (ASX:KDR) yesterday morning. Does this acquisition make any sense?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.55% at lunch.
Wesfarmers Ltd (ASX:WES) has reloaded with a takeover attempt of Kidman Resources Ltd (ASX:KDR), after Lynas Corporation Ltd (ASX:LYC) was essentially rejected.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 0.75% on Wednesday.
Before buying Woolworths Group Ltd (ASX:WOW) shares I’d consider Coles Group Ltd (ASX:COL) shares on the basis of valuation.
