Activist fund managers Samuel Terry and Sandon Capital have teamed up to push for an overhaul of the board of $1.5 billion oil and gas producer Karoon Energy.
The investment firms disclosed on Tuesday they had created “a limited association with respect to the affairs” of Karoon in a substantial shareholder notice lodged to the Australian Securities Exchange.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
