Original article by Ben Butler, Ben Wilmot
The Australian – Page: 21 : 20-Sep-16

Documents filed in the Federal Court outline the strategies that Woolworths allegedly devised in order to withdraw from its Masters Home Improvement venture with Lowe’s. The US company is seeking to wind up the Masters joint venture company, Hydrox Holdings. Lowe’s claims that amongst other things, Woolworths made plans to terminate the joint venture agreement and sell Hydrox’s assets if the Lowe’s nominees on the Hydrox board did not agree to the sale of the joint venture company’s assets.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, LOWE’S COMPANIES INCORPORATED, HYDROX HOLDINGS PTY LTD, FEDERAL COURT OF AUSTRALIA, HOME TIMBER AND HARDWARE, KORDA MENTHA AND COLLEAGUES PTY LTD, CITIGROUP PTY LTD