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This market darling just did another U-turn. Investors love it more

A $1.5 billion deal shows why Aristocrat Leisure has lifted the ASX 200 more than just about any other company this year.

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It is not often you see a strategic review from a market darling growing earnings at 10 per cent a year and whose shares are trading at all-time highs.

It is also not often you see a management willing to cut loose something they bought only a few years ago, happy to pick the eyes out of it and sell what’s left for a gain after a U-turn in strategy.

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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

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    Original URL: https://www.afr.com/chanticleer/strategic-reviews-don-t-have-to-betray-panic-or-pressure-20241111-p5kpjz