Brief: Premier Investments Announces Proposal From Myer Holdings

Myer Holdings

24/06/2024 02:48

June 24 (Reuters) - Premier Investments Ltd  PMV.AX :
    * PROPOSAL FROM MYER HOLDINGS LIMITED
    * RECEIVED PROPOSAL FROM MYER TO EXPLORE A POTENTIAL
COMBINATION
OF MYER AND PREMIER'S APPAREL BRANDS BUSINESS
    * PROPOSAL IS NON- BINDING, INDICATIVE AND CONDITIONAL
    * PROPOSED TRANSACTION WOULD REQUIRE APPROVAL BY MYER'S
BOARD AND
SHAREHOLDERS, PREMIER'S BOARD AND SHAREHOLDERS, OTHERS
    * MYER INDICATED EXPECTS CENTURY PLAZA INVESTMENTS AND
ASSOCIATES
WOULD BE REPRESENTED ON BOARD OF MYER IF PROPOSAL PROCEEDS
    * IS NO CERTAINTY THAT THE PROPOSAL WILL RESULT IN A BINDING
OFFER
OR TRANSACTION
    * CONTINUES TO WORK TOWARDS PROPOSED DEMERGER OF SMIGGLE,
AND TO
EXPLORE DEMERGER  OF PETER ALEXANDER

Source text for Eikon:  ID:nASX8v7GKw 
Further company coverage:  PMV.AX 

 ((Reuters.Briefs@thomsonreuters.com;))