David Jones Shares Trading Below Bid Price -- Market Talk
June 17 2014 - 9:35PM
Dow Jones News
0104 GMT [Dow Jones]--David Jones (DJS.AU) shares are trading
under the cloud of uncertainty stirred up by businessman Solomon
Lew, whose company confirms it has amassed a 9.89% stake in the
department store chain. David Jones shares are 0.3% lower at
A$3.87, a discount to the A$4/share South Africa's Woolworths
(WHL.JO) has agreed to pay for the company. Deutsche Bank has built
up a 6.69% stake, a chunk of which is held for "unknown" parties,
according to a recent stock exchange filing. The Woolworths offer
cleared a hurdle this week when its shareholders approved the
A$2.15 billion takeover. David Jones shareholders are set to vote
on the deal June 30. (robb.stewart@wsj.com; Twitter:
@RobbMStewart)
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
David Jones Ltd (ASX:DJS)
Historical Stock Chart
From Aug 2024 to Sep 2024
David Jones Ltd (ASX:DJS)
Historical Stock Chart
From Sep 2023 to Sep 2024