SOLOMON Lew has extended the $800 million-plus hostile takeover bid for Just Group.
The retail magnate has also turned the heat up on the Just board with an open letter to shareholders questioning its failure to provide "adequate information'' to allow them to make an informed decision.
But last night Just chairman Ian Pollard slammed the Mr Lew-controlled Premier Investments as seeking to get the business "on the cheap''.
Dr Pollard also reiterated the board's rejection of the bid and the "underlying strength'' of Just's business model.
The offer from Premier Investments of $2.09 in cash and 0.25 shares in Premier for every Just share, has been extended to August 15. The offer now values every Just share at $3.91.
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