Activist shareholders in Ardent Leisure – the owner of Dreamworld on the Gold Coast – have promised other shareholders that they can save $1 billion over three years if their directors are appointed to the board.
The long-running opportunistic battle has been brewing since May, when Estia Health chairman Gary Weiss and Rich List property developer Kevin Seymour boosted their interest in Ardent to almost 9.9 per cent following an agreement with Perth-based Viburnum Funds.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
