Wilson Asset Management chairman Geoff Wilson has rejected PwC's independent expert report, which backs Nine's takeover of Macquarie Media, and is pressuring the radio broadcaster's board to get a better deal for minority shareholders.
Mr Wilson wrote to the Macquarie board's independent directors on Sunday. He outlined reasons he believes Nine's $1.46 per share offer for the remaining 45.6 per cent of the radio broadcaster isn't good enough.
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Max Mason covers insolvency, courts, regulation, 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
