Wednesday, December 9, 2009

Woolies heads for duel over pubs and pokies

Dec 08, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- LRGPF | Quote | Chart | News | PowerRating -- A bidding war has erupted for National Leisure & Gaming (NLG). The pub operator, which is listed on the stock exchange, is about to receive takeover offers from gaming group Tabcorp as well as retailing giant Woolworths, which already owns a chain of pubs with poker machines and attached bottle shops. The total sites count would rise by 36 to 316, with an extra 1,000 gaming machines bringing the number to 12,000. NLG is troubled by its high debt burden.


Issued by Trading Markets 9 December 2009

http://www.tradingmarkets.com/.site/news/Stock%20News/2709830/