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.
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.