Woolworths To Expand E Commerce Offering With 80 Stake In Mydeal
Under the deal, Woolworths is offering MyDeal shareholders AU$1.05 per share in cash and for MyDeal to be de-listed from the Australian Securities Exchange. Meanwhile, MyDeal founder and CEO Sean Senvirtne along with other key management shareholders will retain, approximately, a 20% interest in the business. They will also continue to retain their position following the completion of the deal to “lead the business through its next phase of growth in partnership with Woolworths Group”....