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Woolworths updates on home improvement exit

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  1. April 21 (Reuters) - Woolworths Ltd (WOW)

    • Notes that an award has now been made in confidential arbitration between woolworths and lowe's in relation to their home improvement joint venture.
    • Woolworths will be able to conclude proposed transaction with home consortium without consent of lowe's
    • Lowe's is now required to sell its shares in joint venture co, Hydrox Holdings Pty for a value determined by a third-party independent expert as at 18 jan 2016
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