OK, so the 'old management' hinted at this, why did they retire if anteotch has had some offers?
I would suggest the previous chairman had a mountain of experience in such matters, so by not giving up, whatever it was, to close a deal he decided to retire?
That is not reassuring when the touted 'deal maker of the year' couldn't close a deal, yet more inexperienced people left are expected to close the deal?
About Ewen Crouch AM
Ewen Crouch is currently - Chairman of the Board at Anteo Diagnostics - View - Anteo Diagnostics org chart
Ewen is one of Australia's leading M&A lawyers, having acted in recent years on some of the country's most significant transactions. He was named Australian Dealmaker of the Year at the 2006 ALB Australasian Law Awards, as the outstanding rainmaker in the Australian legal services industry. He has also been recognised as a leading practitioner by a number of international independent research organisations including as a 'Band 1' lawyer by Chambers Global, as a 'leading Individual' by Asia Pacific Legal 500 and as being among the worlds pre-eminent Corporate Governance and M&A lawyers respectively by International Who's Who Legal.
Key transactions on which Ewen has advised in recent years include:
Foster's Group – response to SABMiller's takeover proposal.
Leighton Holdings – $750 million capital raising and in response to ACS bid for its major shareholder Hochtief AG.
St.George Bank – merger with Westpac Banking Corporation.
MBF – demutualisation and merger into BUPA.
Westpac – One ADI Project.
Macquarie Airports – internalisation of management and acquisition from Macquarie Capital.
Rio Tinto – response to BHP's US$192 billion takeover bid, the second-largest takeover bid of all time and the first ever takeover involving two Australian-UK dual-listed companies.
Wesfarmers – $20 billion acquisition of Coles Group, the largest takeover in Australian corporate history.
Capital raisings in 2008/09 by Rio Tinto, Wesfarmers, GPT and OneSteel.
CEMEX – $2 billion sale of its Australian operations to Holcim, after having advised CEMEX on its US$14.25 billion bid for Rinker Group, which is the largest cash offer in Australian corporate history.
QANTAS – responding to the bid made by a private equity consortium.
OneSteel – acquisition of Smorgon Steel.
ADO Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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