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David Jones’ white knight

  Woolworths takeover bid for David Jones drew a short matter of fact response from Myer this week, despite the abiding anger and frustration of the department store chain’s board and management. Myer acknowledged the cash offer from Woolworths, the listed South African retailer (which has no association with the Australian retailer of the same name, and indicated it would withdraw its “proposed merger of equals”. After putting David Jones ‘in play’ last October with the non-premi

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