Australia's Coles extends decline after confirming talks to buy Greencross Pet Wellness
02/07/2026 02:18
BUZZ-Australia's Coles extends decline after confirming talks to buy Greencross Pet Wellness ** Australia's No. 2 grocer Coles COL.AX extends its slide from Wednesday's session, with shares dipping as much as 2.4% to A$22.8
** Coles said on Wednesday it is in discussions to acquire pet care group Greencross Pet Wellness from U.S. private equity firm TPG
** TPG is said to be eyeing a ~A$4 billion ($2.76 billion) price tag for Greencross - mirroring the valuation sought in a potential float, according to media reports
** Stock last down 1.3%, trimming YTD gains to 7.5%
($1 = 1.4507 Australian dollars)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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