The creep is back on at Myer.
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 pattern of using a new broker every time its creep provisions roll around.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
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