SYDNEY, March 29 (Reuters) - Australian retail group Premier Investments Ltd (PMV) on Wednesday said it had purchased a 10.8 percent stake in department store owner Myer Holdings Ltd (MYR) , but added it had no plans to make a takeover offer at this time.
Shares in Myer, Australia's biggest department store operator by sales, surged 18 percent on Monday after about 10 percent of the stock changed hands in a single trade, sparking speculation of corporate activity.
Shares closed down 0.4 percent on Wednesday before the announcement from Premier Investments.
News: PMV Premier Investments emerges as buyer of stake in Australia's Myer, no bid planned
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Last
$21.67 |
Change
-0.280(1.28%) |
Mkt cap ! $3.482B | |||
| Open | High | Low | Value | Volume |
| $22.06 | $22.09 | $21.66 | $730.0K | 33.42K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 183 | $21.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.69 | 211 | 6 |
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| Last trade - 11.09am 11/09/2025 (20 minute delay) ? |
| PMV (ASX) Chart |