• Inside Labour

    Without radical policy change SA's social fabric will continue to fray, says Terry Bell.

  • Long live your gadget

    Real gadget protection tends to cost real money, writes Arthur Goldstuck.

  • Taking SA for a ride

    The ANC seems to think all South Africans are idiots, says Mzwandile Jacks.

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PnP gets extension on Franklin's deal

Jul 29 2011 10:09 Reuters

Company Data

PICK N PAY STORES LIMITED [JSE:PIK]

Last traded 56.54
Change 0.39
% Change 0.01
Cumulative volume 822353
Market cap 27.55bn

Last Updated: 29/08/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

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Pick n Pay extends Franklins deadline

 
Sydney - Australian wholesale firm Metcash has extended a deadline to conclude a deal with Pick n Pay Stores [JSE:PIK] to buy its Franklins stores to allow a court to review the competition regulator's initial rejection of the deal.

The parties exteded the deadline to September 30 from July 31.

"The two month extension has been agreed in light of the fact that the parties are still awaiting judgment in their Federal Court action with the (competition regulator) ACCC," Metcash said in a statement on Friday.
pick n pay stores  |  australia
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