SEVEN Network's shareholders are being asked to take a haircut of 8.5 per cent when they swap their existing shares for a stake in Seven's takeover of Kerry Stokes' heavy equipment business WesTrac, an independent expert has found.
BABCOCK & Brown Infrastructure investors with shares worth $119 million are being asked to back a proposal that leaves them with a stake in the company worth just $1 million, after the deal was deemed fair and reasonable by an independent expert yesterday.
BABCOCK & BROWN Infrastructure investors with shares worth $119 million are being asked to back a proposal that leaves them with a stake in the company worth $1 million. The deal was deemed fair and reasonable by an independent expert yesterday.
THE influential shareholder adviser RiskMetrics has recommended that Macquarie Airports (MAp) investors vote against the company's proposal to buy out Macquarie Group's management rights for $345 million, saying payment of the fee would not address risks posed by the renegotiation of $4 billion worth of loans.
