Soul Patts’ $14b tie-up calls time on a 56-year-old good idea
Washington H Soul Pattinson and Brickworks – two ASX-listed staples – will end their controversial cross-ownership structure, which was put in place in 1969.
One of the great Australian corporate barneys of our time has been solved without another court battle, without an activist investor, and with barely a lawyer in sight.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
