Woolworths plans $940m rights offer
JOHANNESBURG (Reuters) – South Africa’s Woolworths plans to raise 10 billion rand ($940 million) through a rights offer to help repay financing for its acquisition of Australia’s David Jones, the company said on Friday. Woolworths, an upscale retailer of food and clothing, this month finalised its A$2.2 billion ($2 billion) purchase of Australia’s second-largest apparel retailer to create a global … Read more