Investment veteran Geoff Wilson is pushing ahead with plans to leverage a better takeover price for radio broadcaster Macquarie Media, after key investor John Singleton publicly backed a buyout offer.
It sets up a last-ditch stand with Nine Entertainment, which owns The Australian Financial Review, offering $1.46 a share in cash to mop up its holding in Macquarie.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
