You might have heard the whispers in the Equity Mates community... Woolworths have merged their drinks businesses - Dans, BWS - with their hospitality business - ALH - to form Endeavour Group. This was completed in February 2020 and Woolworths’ intention was to pursue a separation of Endeavour Group from Woolworths Group. The resulting demerger will create two independent ASX-listed companies with Endeavour Group likely to be a top ASX50 company - with a valuation ranging anywhere between $9.3 billion and $12.5 billion. In this episode, Alec and Bryce talk everything demerger - just what does that mean, how does it work in practice, what does this mean for existing shareholders, and what does this mean for new shareholders? If you want to let Alec or Bryce know what you think of an episode, contact them here.    Some of our favourite resources and offers to help you during your journey: - $50-$200 OFF some amazing investing courses by our friend-of-the-show, Owen - Track your investment portfolio with Sharesight. - Get a free stock when you sign-up to Stake, using the code EQUITYMATES - Get exclusive access to our favourite data and insights platform, TIKR - Take the emotion out of investing in Bitcoin, Ethereum, Gold and Silver with micro-investing app, Bamboo. Use EQUITY MATES for $10 when you sign-up - Get $15 of Bitcoin, using one of our favourite crypto-currency exchanges, Swyftx - Get free trades if you plan to use the broker SelfWealth   Make sure you don't miss anything Equity Mates related by signing up to our email list. And visit this page if you love everything Equity Mates and want to support our work. ***** Any views expressed by the podcast host or any guest are their own and do not represent the views of Equity Mates Media or any other employer or associated organisation. Always remember, all information contained in this podcast is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. The hosts of Equity Mates are not financial professionals and are not aware of your personal financial circumstances. Before making any financial decisions you should read the Produce Disclosure Statement (PDS) and, if necessary, consult a licensed financial professional. For more information head to our Disclaimer Page, where you can find resources to search for a registered financial professional near you. ***** Have you just started your investing journey? Head over to Get Started Investing – Equity Mates 12-part series with all the fundamentals you need to feel confident to start your investing journey. Want more Equity Mates? Come to our website and subscribe to Equity Mates Investing Podcast, social media channels, Thought Starters mailing list and more at or check out our Youtube channel. Equity Mates is part of the Acast Creator Network.   See acast.com/privacy for privacy and opt-out information.