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Austock lambastes Mariner bid

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”.

Ruth Liew | Joyce Moullakis
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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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    Original URL: https://www.afr.com/companies/financial-services/austock-lambastes-mariner-bid-20120627-j2gtv