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Myer suitors line up

THE sale of struggling nation-wide department store Myer is expected to go ahead soon as Coles Myer revealed last week that it had received preliminary approaches from more than 10 buyers. The retailer is anticipated to call for expressions of interest within the next week or so. Myer lost $22 million in the second half of the last financial year. A number of international buyers are understood to be among the potential buyers, in addition to the Myer family, which founded the company 105 years ago.

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Myer (MYR)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
794thMyer-68%-30%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-Myer$2,641.8m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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