Coles, owned by Wesfarmers Ltd
(ASX:WES) has come under fire for allegedly pressuring potential bidders to reassess their plans for Australia’s largest lamb processor.
That’s according to The Australian Financial Review. Coles made an offer to the processor, and rival bidders have been reportedly concerned by hints from Coles suggesting it would seek an alternative supplier if they were to take over CRF.
Two potential bidders, allegedly willing to double the Coles bid, have pulled out as a result.
In the first six months of the 2011 financial year, Wesfarmers booked a net profit of $1.2 billion.
