Takeover target Evans Dixon says investors should now vote against the election of Tony Pitt to the board at this month's annual meeting, citing a conflict of interest given his recent takeover offer for the entire wealth manager.
The board on Friday withdrew its unanimous support for Mr Pitt, who is the managing director of 360 Capital Group and owns 29.4 per cent of that company.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
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
