March 2005
Cabinet Maker;3/25/2005, Issue 5431, p6
Trade Publication
The article reports that venture capital group Apax has taken a step nearer to succeeding in its aim of buying Woolworths PLC. In February, Woolworths rejected Apax's proposed £917 million to £819 million. This has now been increased to £ 837 million, so the 909-store retailer has allowed Apax access to its books to carry out due diligence. The Royal Bank of Scotland PLC is providing finance for the offer, which Apax has until 6 May to make.


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