Woolies Climbs On Talk of New Baugur Interest

Evening Standard - London › October 18, 2007

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Summary

HEAVY turnover in Woolworths' shares has led to claims in the Square Mile that the retailer may have become the target of another Icelandic raid.

More than 37 million Woolies shares changed hands today, touching 221/2p before seeing their lead cut to 1/2p at 211/4p. That compares with a low of 173/4p just last week. It takes a lot to move Woolies shares just a couple of coppers.

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Extract

Woolies Climbs On Talk of New Baugur Interest

Could it be that biggest shareholder, Icelandic retail specialist Baugur, has been again adding to its holding? At the last count, Baugur held about 146 million shares, o...

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