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
61.5¢ |
Change
-0.020(3.15%) |
Mkt cap ! $1.062B | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 64.0¢ | 61.0¢ | $4.251M | 6.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 493668 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 81300 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| MYR (ASX) Chart |