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Foodland, Metcash talks to seek value

FOODLAND has confirmed that it is in constructive discussions with Metcash in relation to Metcash’s current offer for Foodland as well as considering other structural alternatives. In a statement the Foodland board said it was continuing discussions with other potential bidders in order to maximise value for shareholders. The board has also repeated its advice to shareholders to “take no action” at this stage in relation to the revised Metcash offer. Metcash recently increased its bid for Foodland, valuing the WA-based company at more than $1 billion.

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Metcash (MTS)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
257thMetcash31%-2%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-Metcash$14,224.8m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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