A parcel of 19.2 million Myer shares changed hands in a pre-market crossing on Thursday.
A parcel of 19.2 million Myer shares changed hands in a pre-market crossing on Thursday, with fingers pointing to Solomon Lew’s Premier Investments as the buyer.The trade was done at 50¢ a share, a 13.6 premium to the last close of 44¢, implying the buyer was keen.
Fingers were pointing to Solomon Lew’s Premier Investments, which was able to buy more since July 28, when the six-month break imposed by creep provisions expired. It was handled by Blue Ocean Equities, which Lew has used in the past for Myer shares purchases. The transacted stake represented 2.3 per cent of the company.to be between 12.3 per cent and 12.7 per cent higher to hit up to $2 billion.Lew last bought Myer shares in late January, picking up 3.9 per cent of the company and pushing Premier’s shareholding to 19.9 per cent. That trade too was done at a premium to the market price.
The retail billionaire has been a thorn in Myer board’s side since 2017 and has tried to spill the board whileMyer, in turn, has accused him of trying to take control of the company without paying the premium. It also hired
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