** Shares of Australia's Myer Holdings rise as much as 7.7% to A$1.05
** Myer stock hits highest since March 2023
** Department store owner is taking over retail billionaire Solomon Lew's Premier Investments portfolio of apparel brands
** Total deal valued at A$863.8 mln ($568.38 mln)
** PMV shares rise as much as 16.4% to A$35.95 and are set for their strongest trading session since early 2021
** PMV shares hit record high
** Myer will acquire Premier's Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti brands
** MYR has risen 61.7% this year, as of last close, while PMV is up 11.9%
($1 = 1.5198 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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