It was a surprisingly abrupt eruption of hostilities between Endeavour’s board and the hotel and liquor retailer’s largest shareholder, billionaire businessman Bruce Mathieson, last week. And relations are bound only to deteriorate as both parties hit the pavement selling their takes on the company’s ailments to other investors and analysts.
Then there’s the matter of Bill Wavish, the former Myer chairman and Woolworths executive whose election to the board is ostensibly the reason behind the blue between Mathieson and Endeavour, run by chief executive Steve Donohue and chaired by Pizza Hut executive Peter Hearl.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@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
