Business Services Industry
MacBank won't advise Alinta MBO until protocols established.
Australasian Business Intelligence, January, 2007
Jan 21, 2007 (The Age - ABIX via COMTEX) -- The Macquarie Bank is prepared to walk away from management buyout (MBO) plans for Alinta. The investment bank has recognised the need for strict governance protocols to overcome the conflict of interest concerns. If a framework cannot be agreed upon with the independent directors, Macquarie Bank has revealed that it would remove itself from the MBO process. The main concern raised on behalf of shareholders is that Macquarie Bank has long-held an advisory role with Alinta, prior to the former chairman, John Poynton, and ex-CEO Bob Browning asking the bank to join their MBO plans.
Publication Date: 22 January 2007
MACQUARIE BANK LIMITED - ASX MBL
ALINTA LIMITED - ASX AAN
All copyright subsisting...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express