Thursday, September 28, 2006

Coles Myer turns down Wal-Mart and Tesco

We've reported previously on various rumors of a buyout of Australia's Coles Myers chain. Now the company is denying that they have even been in talks with anybody.
Australian retailer Coles Myer Ltd. said on Thursday it has had no talks with British retailer Tesco Plc or U.S. giant Wal-Mart Stores Inc. and did not plan to sell any of its businesses.

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