South Africa's Woolworths shareholders approve David Jones deal
CAPE TOWN (Reuters) - Shareholders of Woolworths (WHLJ.J) on Tuesday approved the South African retailer's $2 billion acquisition of Australia's David Jones DJS.AX.
Shareholders also backed the company's plan to issue up to 30 percent its stock for a rights offer to partly fund the deal.
(Reporting by Wendell Roelf; Writing by Tiisetso Motsoeneng; Editing by Stella Mapenzauswa)
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