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Woolworths (ASX:WOW) share price rises on Endeavour demerger update


Woolworths (ASX:WOW) share price rises on Endeavour demerger update
James Mickleboro | May 10, 2021 10:14am |
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At the time of writing, the retail conglomerate’s shares are up 1.5% to $40.00.
Why is the Woolworths share price rising?
Investors have been buying the company’s shares following the release of an update on its Endeavour Group plans.
According to the release, the Woolworths board has determined that a demerger is likely to enhance shareholder value over time and is preferable to other available options.
The company notes that the proposed demerger is the final step in a process that involves the combination of Woolworths Group’s drinks and hospitality businesses to form Endeavour Group through a restructure of Endeavour Drinks and subsequent merger with ALH Group. ....

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Danny Gilbert named chair for Dan Murphy's inquiry


Danny Gilbert named chair for Dan Murphy’s inquiry
By Jerome Doraisamy|08 February 2021
Gilbert + Tobin managing partner Danny Gilbert will chair an independent panel review into the proposal to develop a Dan Murphy’s retail outlet in Darwin.
The review was announced in mid-December by Woolworths Group into Endeavour Group’s move to develop a Dan Murphy’s store in Darwin, and will be responsible for providing a report to the Woolworths board about the adequacy and nature of stakeholder engagement relevant to the Darwin Dan Murphy’s development, including with respect to public health concerns, the extent to which stakeholder concerns were factored into decision-making, and best practices as they may apply to the supply and sale of alcohol from the proposed Darwin Dan Murphy’s development, particularly as it impacts the lives and best interests of Aboriginal and Torres Strait Islander people. ....

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