Are Myer and David Jones sizing up for a holy union

Are Myer and David Jones sizing up for a holy union. All the money this time last year was on a possible private equity buyer for David Jones, perhaps in the hope of emulating TPG's lucrative buyout and subsequent sale-and-lease back of rival Myer's property assets years earlier. But this time, the absence of a long-term leader at David Jones could see bankers reaching for an alternate playbook which would put Myer in the box seat to take over or, depending how you look at it, instigate a merger of equals. (VIEW LINK)