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Solly Lew buys another 3pc of Myer; Blue Ocean on ticket
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The creep is back on at Myer!
Solomon Lew of Premier Investments.
Street Talk understands Solomon Lew’s Premier Investments was the buyer behind a line of 24.6 million shares in Myer traded shortly after market open on Wednesday. It represents 3 per cent of Myer and was worth about $16 million.
Premier used Brent Potts at Blue Ocean Equities, sticking with its tradition of using a new broker every time its creep provisions roll around. It follows a similar trade on 27 February, which took Premier to 25.79 per cent ownership of Myer.
Wednesday’s trade should put it just under 29 per cent.
More to come
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