So, there was previously speculation on Bloomburg that Solomon Lew may be interested in buying Myer, since he has over $700m in cash for acquisitions. The current MYR management aren't doing such a stellar job, and MYR has halved it's market cap in the last year.
http://www.bloomberg.com/news/2014-...can-have-last-laugh-buying-myer-real-m-a.html
We had an announcement 17/12/2014 that UBS now has 8.5% of MYR.
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=MYR
Solomon Lew has previously been advised by UBS.
UBS was a big buyer of DJ's stock before Sol announced he had 10% of DJ's:
http://www.*.com.au/david-jones-is-...-who-bought-a-huge-chunk-of-its-shares-2014-6
I realise it's speculation; am I drawing a long bow?... or do the dots line up?
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Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $1.041B | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.0¢ | 59.5¢ | $2.425M | 4.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 71 | 401601 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 226522 | 15 |
View Market Depth
| Last trade - 14.17pm 26/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |