Activist investors appear to have claimed another scalp with Australian fund manager Sandon Capital winning material concessions from Fleetwood after a 12-month campaign.
Sandon and the Sir Ron Brierley-chaired Mercantile Investment Company have teamed up to put an updated constitution that would pave the way for better capital management to a shareholder vote.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
