Retailer Myer inks $569 mln takeover of Premier's apparel business

Myer Holdings

28/10/2024 21:55

Oct 29 (Reuters) - Australian retailer Myer  MYR.AX 
will takeover local fashion chain owner Premier Investments'
 PMV.AX  portfolio of brands under the Just Group business in
Australia and New Zealand, in a deal valued at A$863.8 million
($568.64 million), the companies said on Tuesday.
    Under the deal, Myer will issue Premier 890.5 million new
shares in the retailer. 

($1 = 1.5191 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Alan
Barona)
 ((Rishav.Chatterjee@thomsonreuters.com))