Country Road rises on Woolworths offer

230909 Woolworths in woodmead.photo by Simphiwe Mbokazi

230909 Woolworths in woodmead.photo by Simphiwe Mbokazi

Published Jun 24, 2014

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Sydney - Shares in Australian clothes retailer country road rose more than seven percent after South Africa's Woolworths Holdings Ltd offered to buy the stake in the company it does not already own from billionaire investor Solomon Lew.

Country Road shares were trading up 7.36 percent at A$15.03 at 03:03 SA time in a weaker overall market. - Reuters

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