No interest in Myer: DJs bidder

Woolworths boss Ian Moir says DJs a bigger opportunity, defends price.

Woolworths Holdings boss Ian Moir has defended the $2.15 billion price the South African company has offered for department store group David Jones, saying he was not interested in its cheaper rival Myer.

Speaking to analysts in South Africa, Mr Moir said the company’s offer of $4 a share was just 25 per cent above Monday’s closing share price and so was not an unusually high premium to pay for control.

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