Ann: Q2 Trading Update, page-358

The SP is at a level that several possible Large scale investors could possibly be doing the numbers on it.

Lew bought a stake in David Jones then had some say in the deal when it was taken over by Woolworths.

Im not sure if Lew Got a premium for his shares or how that worked out in the details,

Could a similar thing happen here, meaning is Lews Stake purely to have some control over the possible Take over by another offshore Investor ?

I would think its in the intrests of Premier Invesments to force an international investor to Pay top dollar for Myer in a TO.

Premier would be kicking themselves if Myer was taken over for peanuts, because like for like it could then affect how Premier is valued.

A high priced take over of DJs helped support Premiers Valuations of itself.

Same would likley or Possibly be the Objective of Lews Stake, as he would know if MYR was taken over, the Price and valuation of MYR at the takeover would reflect the Valuation of Premier.

And I would think even Lew would possibly have an exit strategy of Premier, meaning he cant shop Premier around for a Takeover at $X price, if Myer is available for less $$.

So its in Lews intrests to procure a TO of Myer at top dollar, as it affects the Valuation and possible future sale price TO of Premier Investments.

Purely a possibility IMO.