The UK billionaire has accused the HypeDC owner of potentially misleading its own shareholders as part of an unorthodox ploy for the company.
Deals
The Platypus and HypeDC retailer’s shares have remained above Frasers Group’s offer price since the takeover bid was announced in mid-June.
At least one long term shareholder is holding out hope for a better deal, even as IFM crosses the 50% threshold giving it effective control over the toll road operator.
The ASX is getting its first real taste of the UK retail billionaire’s infamously aggressive drive for corporate power.
