CORRECTED-David Jones says rejected merger approach from Myer

Thu, 30 Jan - 7:15pm

(Corrects typo in headline and to show script ratio was 1.06 Myer shares not 1.4)

SYDNEY, Jan 30 (Reuters) - Australian retailer David Jones Ltd DJS.AX rejected a merger approach from Myer Holdings Ltd

in October 2013, the company said in a statement to Australian Stock Exchange on Thursday, while also confirming that it is not currently in talks with any interested party.

David Jones said Myer offered a script deal at a ratio of 1.06 Myer shares for every David Jones share. The company said it considered the approach, but concluded that the offer did "not have sufficient merit for David Jones shareholders".

(Reporting by Colin Packham; Editing by Matt Driskill)

((colin.packham@thomsonreuters.com)(+61-2 9373 1812)(Reuters Messaging: colin.packham.thomsonreuters.com@reuters.net))

Keywords: DAVID JONES/MYER MERGER

URN: 
urn:newsml:reuters.com:20140130:nL3N0L42Y6:7
Topics: 
RET RES AU CYCS CMPNY MEVN FINE1 BLR ASIA DEPT RGEN DEAL1 SHOP LEN MRG RTRS BACT DIV REGS

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com