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Sunday’s rolling forward of the clocks signals the arrival of this year’s AGM season. |
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While there are plenty of companies that have yet to issue notices, Street Talk already has its eye on a handful of meetings. |
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At this rate, everyone in the country will have their sets tuned to the Qantas annual meeting on November 3, where less than impressed shareholders will have their say on the airline’s remuneration report, share buy-back plans and re-election of several long-standing directors. |
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Sparks are also expected to fly at Endeavour, where the hotels and liquor group’s largest shareholder, billionaire businessman Bruce Mathieson, is in a very public spat with the board. Mathieson is calling for a board shake-up and has thrown his support behind long-time retail exec Bill Wavish. |
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Questions will surely be asked of the Austal board whose takeover talks have gone nowhere. |
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| Emma Rapaport Co-editor, Street Talk |
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Macquarie girds for $1.2 billion takeover battle with European waste company, writes Hans van Leeuwen.Eucalyptus ups capital raising with $8 million second close, writes Nick Bonyhady.German media group Axel Springer is keen to join the auction for UK’s Telegraph Media Group, Bloombergreports.Deal makers see rebound after US activity buoys global M&A volumes, Reutersreports. |
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Endeavour’s share price is down 25.4 per cent in the 12 months to September 21. This compared to Coles down 6 per cent while Metcash is down 8.2 per cent. Woolworths, which Endeavour was spun out from in June 2021, saw an 8.4 per cent increase in its market value in that period. |
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The S&P/ASX 200 posted its biggest quarterly drop since the second quarter of last year. |
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