Lew lines up Myer

SHARES of Myer Holdings jumped 8.8 per cent after its largest shareholder Premier Investments Ltd, chaired by billionaire Solomon Lew, asked Myer for a list of its owners, fuelling speculation of a takeover offer.

Premier said it would “consider writing to Myer’s members in relation to any resolutions proposed at Myer’s AGM this year”.

Investors interpreted the move as a push for board representation, and a possible precursor to a takeover.

Myer shares rose 8.8 per cent to 55.5¢ yesterday, before closing at 52¢.