Billionaire investor Alex Waislitz has swooped on ASX-listed workplace software firm Xref a day after helping scupper a $41 million buyout of the company proposed by Seek and backed by the board.
Mr Waislitz’s Thorney Investments vehicle increased its stake in Xref, which makes software that assists with pre-employment and reference checks, from 6.7 per cent to 8.7 per cent on Tuesday. Shares had slumped more than 20 per cent on the failure of the deal with Seek.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
