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Myer Holdings Limited ( (AU:MYR) ) has provided an update.
Myer Holdings Limited has announced a proposed combination with Premier Investments Limited’s Apparel Brands through a Share Sale and Implementation Agreement. This significant move involves Myer issuing new shares to acquire Premier’s Just Group, with the intent to enhance Myer’s market position and shareholder value. An independent expert has deemed the combination fair and reasonable for non-associated shareholders, suggesting a positive impact on Myer’s operations and shareholder benefits, as the combined entity’s value per share is projected to exceed the current standalone value.
More about Myer Holdings Limited
Myer Holdings Limited is a prominent Australian retail company, operating in the department store industry. It offers a wide range of products, including fashion, accessories, cosmetics, homewares, and electronics, focusing primarily on the Australian market.
YTD Price Performance: -4.23%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €577M
See more data about MYR stock on TipRanks’ Stock Analysis page.
