BUZZ-Australian apparel retailers Myer, Premier up as investors clear merger

Reuters

01-24

BUZZ-Australian apparel retailers Myer, Premier up as investors clear merger

** Shares of Myer Holdings MYR.AX rise 4.2% to A$1.00, set for fourth straight session of gains

** Premier Investments' PMV.AX up 4.1% at A$27.95, set to snap a four-session losing streak and top of ASX200 .AXJO

** Shareholders of both Australian department stores approve MYR merging with PMV's apparel brands business

** MYR stock down 16.5% YTD, while PMV is down ~13% YTD

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

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