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Stock News

Metcash Bids A$846 Mln for Foodland's Australian Unit (Update9) (Bloomberg.com)
Dec. 6 (Bloomberg) -- Metcash Trading Ltd., Australia's biggest grocery wholesaler, offered A$846 million ($660 million) in cash or stock for Foodland Associated Ltd.'s Australian business, to complete a nationwide distribution network. Foodland shares surged 22 percent.

Metcash Bids A$846 Mln for Foodland's Australian Unit (Update5) (Bloomberg.com)
Dec. 6 (Bloomberg) -- Metcash Trading Ltd., Australia's biggest grocery wholesaler, offered A$846 million ($660 million) in cash or stock for Foodland Associated Ltd.'s Australian business, to complete a nationwide distribution network.

Big Movers in the Stock Market (Associated Press via Yahoo! Finance)
Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market. NYSE

The Week in Review: Trading suspended for 26 companies (Omaha World-Herald)
The Securities and Exchange Commission last week suspended trading in shares of 26 small companies because they failed to file required periodic financial reports.

Big Movers in the Stock Market (AP via Yahoo! Asia News)
Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.

CAO 'sold stake to cover losses' (CNN.com)
SINGAPORE (Reuters) -- China Aviation Oil (CAO) sold a 15 percent stake in its listed Singapore unit to cover mounting derivative losses, in the city-state's biggest trading scandal since the collapse of Barings, according to court documents.

Metcash Bids A$846 Mln for Foodland's Australian Unit (Update2) (Bloomberg.com)
Dec. 6 (Bloomberg) -- Metcash Trading Ltd., Australia's biggest grocery wholesaler, offered to buy Foodland Associated Ltd.'s Australian business for A$846 million ($660 million), completing a nationwide distribution network to compete against the country's two biggest retailers.

UPDATE: Australia's Metcash Makes Play For Foodland (Dow Jones via Yahoo! Asia News)
SYDNEY (Dow Jones)--Australian grocery and liquor wholesaler Metcash Trading Ltd. (MTT.AU) launched a takeover bid for Foodland Associated Ltd. (FOA.AU) on Monday to diversify its earnings stream in an increasingly competitive retail market dominated by Woolworths Ltd. (WOW.AU) and Coles Myer Ltd. (CM).


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