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This is the next stage in the $2.2 billion takeover of department store David Jones.

David Jones shares have ceased trading on the Australian Stock Exchange as new owner Woolworths prepares to take the reigns.

The shares finalised trade on Friday at $3.99 a share.

The trading halt is pending payment from Woolworths to shareholders, with David Jones delisting once the takeover is complete.

The South-African based company is set to take full control of David Jones from August 1.

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