The deal – technically an acquisition by the department store giant – should hand the billionaire retailer a 30 per cent stake in Myer.
is expected to sign this week, Street Talk can reveal. The decision to ink the $1 billion merger was made at a board meeting on Monday, sources said.
The transaction – which is technically an acquisition by Myer but will really be a merger between the department store giant and Premier’s apparel business – should hand Lew personally about 30 per cent control of the enlarged group, and his own seat on the board.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.
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