Australian apparel retailers Myer, Premier up as investors clear merger

Myer Holdings

24/01/2025 02:55

** Shares of Myer Holdings  MYR.AX  rise 4.2% to A$1.00, set
for fourth straight session of gains
    ** Premier Investments'  PMV.AX  up 4.1% at A$27.95, set to
snap a four-session losing streak and top of ASX200  .AXJO 
    ** Shareholders of both Australian department stores approve
MYR merging with PMV's apparel brands business
    ** MYR stock down 16.5% YTD, while PMV is down ~13% YTD

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))