Premier Investments Considers Merger with Myer

Premier Investments Limited (AU:PMV) has released an update.

Premier Investments Limited is considering a non-binding, indicative, and conditional proposal from Myer Holdings Limited for a potential all-scrip merger with its Apparel Brands business. The proposed combination would necessitate shareholder and regulatory approvals and could result in significant opportunities and synergies for both companies. Premier’s shareholders would directly receive Myer shares, while Premier assesses the proposal’s benefits and conducts reciprocal due diligence.

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