Australia's Metcash makes bid approach for Mitre 10

SYDNEY Nov 27 (Reuters) - Australian grocery wholesaler Metcash Ltd (MTS.AX) sought on Friday to expand into the home-improvement retail market, announcing a takeover bid for independent hardware chain Mitre 10.

Metcash did not disclose the terms of its offer, noting only that the initial bid was for 50.1 percent of the chain of more than 400 stores, with the potential to extend to 100 percent.

(Reporting by Mark Bendeich; Editing by Koh Gui Qing) ((mark.bendeich@thomsonreuters.com; +612 93731817; mark.bendeich.reuters.com@reuters.net))

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