Woolworths Group Ltd
WOW: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$48.20 | Rykfnp | Qjzjfrpkrn |
Corporate Action: Toast to the Endeavour Group and Vote in Favour of the Proposed Demerger
We recommend shareholders in narrow-moat Woolworths Group vote in favour of the proposed demerger of Endeavour Group at the General Meeting to be held on June 18, 2021. Subject to shareholder approval, Woolworths shareholders will receive shares in Endeavour Group and maintain their ownership in both businesses upon demerger. We intend to initiate coverage on Endeavour Group prior to the commencement of trading on the ASX on June 24, 2021.