business / news / / Australian Financial Review
A major investor in Magellan Financial says poor disclosures about the investment house’s $1.6 billion proposed tie-up with Barrenjoey Capital.
Magellan Financial's $1.6 billion merger with Barrenjoey Capital Partners faces disclosure concerns.
KEY POINTS
- Barrenjoey will pay its key personnel a $45 million dividend before the merger completes.
- Katana Asset Management criticizes the late disclosure of the pre-merger dividend payment.
- Katana believes long-term commitments from key dealmakers still support the merger's strategic value.
COMPANIES
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