Twist in tail for Manikay in KKR-MYOB play
The KKR-MYOB deal brought into question the role of PE funds, directors, independent experts and the legal framework for dealmaking.
Having signed off a $2 billion deal on Christmas Eve after a horror quarter for sharemarkets, MYOB's board, private equity suitor KKR and their hordes of advisers might have been forgiven for relaxing and enjoying the long Australian summer.
But then Manikay Partners, an under-the-radar hedge fund run by Shane Finemore and Russell Aboud, crashed the deal with a bang.
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