Ask yourselves if Premier truly have the answer if:
8)........The truth is that the majority of Premier’s retail businesses have delivered lower sales growth than Myer in each of the last three financial years. The Board does not believe that Mr Lew or his unnamed nominee directors are capable of driving better performance at Myer and they have announced no strategy to do so.
And:
Mr Lew is asking you to vote against an important takeover protection resolution when he’s putting up the same protection at Premier’s own AGM next month. The renewal in the constitution of the proportional takeover protection mechanism has been proposed so that any potential bidder has to make a takeover offer for all of your Myer shares, not just a proportion of them. One reason why Premier might oppose this resolution is to position them to grab control without making an offer for all your shares.
If you still vote for Lew, at least say NO to 7) RENEWAL OF THE PROPORTIONAL TAKEOVER PROVISIONS IN THE CONSTITUTION
MYR Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
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