The private equity firm has withdrawn from the bid which would have, if successful, radically reshaped the country’s radio market.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.
This week on the Chanticleer podcast, James and Anthony look at Qantas’ $120 million settlement, extract lessons from the demise of funds management giant Perpetual, reveal why everyone is talking about data centres and energy.