Keybridge Capital’s attempt to have shares in its own capital acquired by WAM Active under a failed takeover offer vested in the Australian Securities and Investments Commission has failed.
The NSW court of appeal on Wednesday upheld a decision by a single judge to leave them in WAM’s hands for repurchase at the option of the shareholders who had sold them to the investment manager under the failed offer.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
