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Article: Private players to cash in on Myer float.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 28, 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 28, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The float of department stores chain Myer by its private equity owners will mean TPG Capital and Blum Capital have gained as much as $A2.42bn since taking over the business in 2006. Shares will be issued to institutions, customer loyalty scheme members, employees and brokers, in what is the largest initial public offering in about two years in Australia. Both TPG and Blum, as well as the Myer family, may emerge with zero stakes in the company.
Publication Date: 29 September 2009
MYER PTY LTD
TPG CAPITAL LP ...