COMPANIES The Baugur-led consortium rebuffed by the Woolworths board has contacted other shareholders to try to force the directors to open negotiations over the future of the retailer’s stores.
Shares in Woolworths rose 0.74p, or 11.1 per cent, to 7.39p on Monday as investors priced in a modest chance of a value-enhancing deal even after the company said it had rejected an “unacceptable” approach for its retail division.
