Australia watchdog launches retail bid investigation
Australia's corporate watchdog has launched an investigation into bid that was made for the retailer David Jones by a British company that reportedly operates out of a post office box.
Shares in David Jones, which has 37 department stores across Australia, jumped 15% last Friday, when it announced the 1.65bn Australian dollars ($1.69bn; £1.08bn) offer from the UK firm EB Private Equity.
The stock then slumped 10% on Monday, after the bid was withdrawn.
The BBC's Duncan Kennedy reports.