Supermarket chain Woolworths Limited has requested a halt to trading in its shares, pending an announcement.
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The halt will continue until the announcement is made or the commencement of normal trading on Thursday 26 May, whichever is the earlier, Woolworths said.
Woolworths did not say what the announcement would be about, but Australian and New Zealand press reports have focussed on speculation that Woolworth is to buy the New Zealand assets of Foodland. Foodland is subject to a takeover offer from Metcash Trading Limited, which would spin off the New Zealand operation.
