Brierley creeps up his Kirkcaldie stake, ahead of David Jones' payday

Thu, 15 Oct 2015

By Suze Metherell Oct. 16 (BusinessDesk) - Veteran corporate raider Ron Brierley has lifted his stake in Kirkcaldie & Stains for the third time since Australia's David Jones announced plans to take over the unprofitable Wellington department store. Brierley increased his holding in Kirkcaldie to 9.4 percent from 8.4 percent via his ASX-listed investment vehicle Mercantile Investment Co, buying 106,000 shares for a total of $233,000, or $2.20 a piece, on market last week, according to a substantial holding notice lodged with the NZX. In Ju...

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