Good morning.
Three months ago, CSL was hit by a multi-day selloff after the abrupt removal of chief executive Paul McKenzie on the eve of the biotech’s half-year earnings.
As Capital Brief’s Hugo Mathers reports, some of the company’s institutional shareholders think that should have been the moment to roll back its full-year expectations instead of digging in on overly ambitious targets, only for CSL to lose almost $10 billion in market value.
| ▼ | ASX All Ords | 8,942 | -0.42% |
| ▲ | ASX All Tech | 2,831 | +0.04% |
| ▲ | Oil | $103.00 | +1.72% |
| ▼ | Gold | $4,675 | -0.87% |
| ▼ | Bitcoin | $80,829 | -0.09% |
| ▲ | Ethereum | #2,333 | +0.41% |
ASX 200 as at market close. Bitcoin in USD.
Market movers
Shares in oOh!media rose on Monday after the outdoor advertising group received a fresh takeover proposal from I Squared Capital valuing the company at about $766 million, eclipsing a lower bid lodged by Pacific Equity Partners just two weeks earlier.
Patience plunges