Markets

Jul 14, 2014

Sentiment and realism collide as DJs goes offshore

And so DJs has been sold to the highest bidder -- a South African company. What does shareholder Solomon Lew do next?

Paddy Manning

Crikey business editor

There may have been a nationalist vibe in the room this morning, but David Jones shareholders still voted overwhelmingly to accept the $4 a share offer from Woolworths of South Africa.

The takeover of a 175-year-old Australian company — and retail icon — led to some last-minute laments by shareholders. One took to the floor to query what would happen to the in-store pianists, which “add a touch of class … which place it on a level above other department stores”.

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