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Myer Shareholders Back $4 Billion Apparel Brands Merger to Boost Growth

8:31am on Thursday 23rd of January, 2025 AEDT Retail
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Myer Shareholders Back $4 Billion Apparel Brands Merger to Boost Growth

8:31am on Thursday 23rd of January, 2025 AEDT
Key Points
  • Myer proposes combination with Premier Investments' Apparel Brands
  • Combination valued at over $4 billion in pro forma FY24 sales
  • Independent Expert deems the deal fair and reasonable
  • Shareholders show strong preliminary support with 95.45% votes in favor
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