The chief executive of former embattled mid-tier broker, Austock, has slammed corporate raider Mariner Corporation’s recent takeover bid as “unwelcome” and “certainly against shareholders’ wishes”.
The chief executive of Austock has slammed corporate raider Mariner Corporation ’s takeover bid as “unwelcome" and “certainly against shareholders’ wishes".
Bill Bessemer labelled the takeover “very opportunistic" and said he would fight the bid to retain the company’s value to shareholders.
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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.
Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
