MELBOURNE: Just Group chairman Ian Pollard has rejected an offer to join the Premier Investments board if its $898 million takeover bid is successful.
Pollard said his decision was in the interest of preserving the reviewing process for Premier's bid, which offered $2.20 cash and 0.25 of its own shares for each Just Group share.
It is believed Pollard would remain as chairman of the Just Group if Premier does not win full control of the company.
The retail group operates close to 900 chain stores including Just Jeans, Jay Jays, Jacqui E, Portmans, Dotti and Peter Alexander.