31 Jul 2008

Warehouse takeover bids blocked

10:02 am on 31 July 2008

The Court of Appeal has blocked Foodstuffs and Woolworths from making takeover offers for The Warehouse.

It reversed an earlier High Court decision, which allowed the two supermarket groups to make bids.

The Commerce Commission says it's a victory for consumers and competition.

The Warehouse says it won't make any comment until it sees the court's judgement.