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Myer Holdings Director Increases Shareholding Amid Strategic Acquisition

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Myer Holdings Director Increases Shareholding Amid Strategic Acquisition

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An announcement from Myer Holdings Limited ( (AU:MYR) ) is now available.

Gary Weiss, a director at Myer Holdings Limited, has increased his indirect shareholding in the company by acquiring an additional 43,212 fully paid ordinary shares. This acquisition, valued at an estimated $36,298, was part of an in specie distribution following Myer’s acquisition of Just Group from Premier Investments. The change in shareholding reflects strategic moves within the company, potentially influencing its market positioning and value for shareholders.

More about Myer Holdings Limited

Myer Holdings Limited is a leading Australian department store group, offering a wide range of products including fashion, beauty, homewares, and electronics. The company focuses on providing value and quality to its customers across Australia, maintaining a significant presence in the retail market.

YTD Price Performance: -25.36%

Average Trading Volume: 2,573

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €911.2M

See more data about MYR stock on TipRanks’ Stock Analysis page.

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