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Reuters
Published
Oct 4, 2018
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Australia's Myer Holdings jumps 8.8 pct on request for owners' list

By
Reuters
Published
Oct 4, 2018

Shares of Australia’s Myer Holdings Ltd jumped 8.8 percent after its largest shareholder Premier Investments Ltd, chaired by billionaire Solomon Lew, asked Myer for a list of its owners, fuelling speculation of a takeover offer.

Sass & Bide - Fall-Winter2018 - Womenswear - Sydney


Premier Investment said on Wednesday that it would “consider writing to Myer’s members in relation to any resolutions proposed at Myer’s AGM this year.”

Investors interpreted the move as a push for board representation, and a possible precursor to a full takeover of the retailer.

Myer shares rose as much as 8.8 percent to A$0.555, near a two-week high, on Wednesday.

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