Department store Myer Holdings is due to report its half-year results next week and major shareholder Solomon Lew’s Premier Investments has upped its stake just in time.
He has made it difficult for any rival suitor to step in, with his retail powerhouse buying another 3 per cent stake in his long held target, boosting his stake to nearly 26 per cent, up from 22.87 per cent.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
