Nov 4 (Reuters) - Woolworths Group Ltd WOW.AX :
* PROVIDES ENDEAVOUR GROUP TRANSFORMATION UPDATE
* FEDERAL COURT HAS APPROVED DISPATCH OF RESTRUCTURE BOOKLET FOR RESTRUCTURE SCHEME MEETING TO BE HELD ON DEC 16
* RESTRUCTURE IS FIRST STAGE OF ENDEAVOUR GROUP TRANSFORMATION
* ASSETS & LIABILITIES RELATING TO CO'S DRINKS BUSINESS TO BE TRANSFERRED INTO AN ENTITY WITHIN WOOLWORTHS TO CREATE ENDEAVOUR GROUP
* FOLLOWING RESTRUCTURE, WOOLWORTHS WILL SEEK TO COMPLETE ALH MERGER AS STEP 2 OF PROCESS
* ALH MERGER DOES NOT REQUIRE SHAREHOLDER APPROVAL
* UPON COMPLETION OF ALH MERGER, ENDEAVOUR GROUP WILL BE 85.4% OWNED BY WOOLWORTHS & 14.6% OWNED BY BRUCE MATHIESON GROUP
* INTENDED THAT NEWLY FORMED ENDEAVOUR GROUP WILL SEPARATE FROM CO BY WAY OF A DEMERGER OR OTHER VALUE ACCRETIVE ALTERNATIVE
* ANTICIPATED THAT RESTRUCTURE SCHEME WILL BE IMPLEMENTED EARLY IN 2020