Street Talk
Jarden shareholders puzzle over financial update
The planned sale of Jarden’s wealth advisory and asset management division has opened a window into the New Zealand-based investment bank’s finances, with accounts mailed out to shareholders ahead of a vote on the proposal.
Marked “private and confidential”, the document took little time to make its way to Street Talk, alongside investor concerns that some of the figures were, er, just a little vague. The balance sheet, for one, combined current and non-current liabilities and provides little details about working capital.
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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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
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