Is Solomon Lew after Myer?

Is Solomon Lew after Myer?

The department store has issued an official statement on a spectacular share raid.

Myer was at the centre of a significant buy-up of shares yesterday afternoon.

The series of trades resulted in close to two million shares purchased at a total parcel worth $94 million.

Media speculation pointed to ragtrade billionaire Solomon Lew, former chairman of Coles Myer and head of Premier Investments.

Myer issued an official statement to the market.

"Myer Holdings Limited notes yesterday's high turnover of shares and media speculation surrounding potential corporate activity involving the company.

"Myer has not received any communication in relation to yesterday’s trading or any corporate activity.

"Myer will continue to keep the market informed in accordance with its continuous disclosure obligations."