Carpets duo begin merger talks

Feltex Carpets chairman Tim Saunders has met Australian carpet manufacturer Godfrey Hirst to discuss merging the businesses.

Discussions were constructive and the Feltex board would consider the matter further when it met this month, he said.

"We are committed to considering whether any merger proposal with Godfrey Hirst will create shareholder value for Feltex shareholders when compared against alternatives."