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BIG PLAYERS ENTER MARKET TO BUY WOOLWORTHS

Woolworths is understood to have been approached by some big hitting buyout firms with an eye on their discount chain Big W.

Online bookmaker sportsbet.com.au has priced Kohlberg Kravis Roberts (KKR) as the $1.60 favourite ahead of rivals TPG Capital on $2.25.

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Aussie outlet David Jones is a $16 outsider, with Woolies rivals, Wesfarmers at $21 and Metcash $34.

Modern Family star and Big W ambassador Eric Stonestreet will need a big cheque, priced at $501.

“You can bet there won’t be any discount price for the chain but we’re tipping KKR will beat TPG to the checkout,’’ sportsbet.com.au’s Will Byrne said.

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