Woolworths and Lowe’s face off in court – The Australian Financial Review
Woolworths’ deal to sell off Masters stores and sites has been complicated by legal action by Lowe’s. Wayne Taylor Woolworths and its home improvement partner Lowe’s Companies will face off in court on Wednesday over a $835 million deal to sell Masters stores and sites to a consortium of property developers. After seven months of negotiations, Lowe’s took Woolworths by surprise…