In a slow day for business news, Woolworths announced all conditions for its Absolute Pets acquisition have been met, while Transaction Capital has the go-ahead for the unbundling of WeBuyCars. In international news, Tesla's first-quarter sales have suffered a sharp downturn.s announced that all conditions had been met for its acquisition of about 94% of Absolute Pets.
SA's biggest pet store chain runs 157 pet product stores across SA and offers a range of services such as spas, online retailing and clinic services. In March, the Competition Commission recommended Woolworths be given the green light to acquire Absolute Pets but included conditions expanding its store base and hiring more staff, with the acquisition now with effect from 1 April. The group's shares were unchanged on Wednesday.on 11 April.
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