David Mariuz
Woolworths still has at least 15 business days to come to agreement with US retailer Lowe’s about the value of their home improvement business and hasn’t completely given up on finding buyers for Masters and Home Timber and Hardware.
However, the board is making sure all bases are covered just in case Masters cannot be sold as a going concern and has to be wound up.
Woolworths has not officially appointed insolvency experts. (Street Talk is sure that Woolworths, unlike Di…
Read the full article at: http://www.afr.com/street-talk/insolvency-firms-ready-pitches-for-masters-mandate-20160209-gmpytu