Shareholder Wilson Asset Management is "disappointed" with the way Ardent Leisure has run the company, but hasn't yet formed a view on whether it will support a bid by activist shareholder Ariadne to get four new directors on the board of the troubled company.
The Ardent board led by George Venardos is fighting to keep control of the company that owns Dreamworld theme park and the Main Event Entertainment business in the US in the face of Ariadne's plan outlined this week to save the company $1 billion over three years.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
