Deals

The activist hedge fund has told investors it will push ahead with its effort to spill the Southern Cross board and change its constitution at its annual general meeting next month.

Serious talks over a small but significant deal that will alter Australian media began a month ago, and only select group of people, including the billionaire, were in the loop.

Companies and their lawyers are rushing to sidestep the ACCC’s new merger rules, pushing to file exemptions before the tougher system takes hold.