The ASX-listed wagering group will upgrade its betting terminals and broadcast displays across the Laundy Hotels portfolio, but lock its rival out.
The private equity firm has withdrawn from the bid which would have, if successful, radically reshaped the country’s radio market.
The private equity firm called in advisers overnight to assist with “operational challenges”. It is a major shareholder in the A-League club and budget airline.
It’s hard to see how the banks can meaningfully increase profit margins unless the trend towards mortgage brokers reverses.
The decision is more proof that shareholder claims are no longer a lay-down misere, lawyers say.