It could be a while before any banker mutters the phrase “dual track”.
SG Lottery’s abysmal sale, where a strong Australian initial public offering bid was overlooked for a softer leveraged buyout, will shut the window for dual track auctions, and particularly for anything with scant ties to Australia.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
