Myer Holdings (ASX:MYR) reported that its shareholders voted in favor of its proposed merger with the Apparel Brands business of Premier Investments (ASX:PMV) at its extraordinary general meeting, according to a Thursday Australian bourse filing.
It said 95.45% of the direct and proxy votes received before the meeting were in favor of the proposed deal. The total votes represent 38.32% of the firm's issued capital.
Meanwhile, direct and proxy votes from Premier shareholders received before its Thursday general meeting were 99.84% in favor, the firm said in a separate filing.
Myer Holdings' shares rose nearly 1% in early trading Thursday, while Premier Investments' shares shed about 2%.
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