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.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles