(Reuters) - Investors are also disappointed by the increased scrip component used to fund the A$20 billion deal, after Wesfarmers shares rose 24 percent since April, when it first declared its intention to buy Coles.
"I think there's a little bit of trepidation that running a supermarket successfully is an extremely hard task, and are they up to it," said James Holt, portfolio manager with Zurich Financial Services, which oversees about A$8 billion, including Coles shares.
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"I think there's a little bit of trepidation that running a supermarket successfully is an extremely hard task, and are they up to it," said James Holt, portfolio manager with Zurich Financial Services, which oversees about A$8 billion, including Coles shares.
Read more at Reuters.com Hot Stocks News
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