Company News Summary
Woolworths Provides Update on Home Improvement Exit - Arbitration
Original announcement: Update on Home Improvement Exit - Arbitration
Woolworths announced that it notes that an award has been made in the confidential arbitration between the Company and Lowe's in relation to their home improvement JV. As a result, Lowe's is required to sell its shares in the JV Company, Hydrox Holdings, for a value determined by a third-party independent expert as at 18 January 2016, within the range of the valid independent expert's interim valuations previously obtained by each of the Company and Lowe's.
See more ASX300 News Announcements