Tag: Terry McCrann
Myer float a positive bellwether but will private equity investors be the only to...
The upcoming Myer float is largely being viewed as a positive sign for the Australian sharemarket. It is clearly a win for the Texas Pacific Group-led investors, who put up the money, and Bernie Brookes for delivering the rebirth. It could even be considered a win for the Myer family who could pocket $200 million. But despite the almost blanket glossy coverage, the effervescent smile of Jennifer Hawkins and the broader appeal of owning a small parcel of an Australian retail institution, I have my concerns.
