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Article: Prospectus values Myer at $3bn.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 27, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sue Mitchell and Ingrid Pyne
Sep 27, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The float of retail giant, Myer, will be the largest in Australia since 2007. The prospectus for the float, which is likely to value Myer at up to $A3 billion, is expected to be lodged on 28 September 2009. The document will contain information on the price of Myer shares. TPG Capital and Blum Capital may opt to retain a stake of up to 10 per cent in the group.
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