Fresh from its successful activist shareholder campaign against Boral, John Wylie’s Tanarra Capital is putting the heat on Lendlease to accelerate its transformation program.
Lendlease shareholders disappointed with years of mediocre total shareholder returns could benefit from the intervention of John Wylie’s Tanarra Capital.
Late on Tuesday night, Tanarra sent Lendlease chief executive Tony Lombardo a seven-point plan it argues could boost the Lendlease share price from about $11 to about $25 a share.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
