Deals

The strong vote in favour did not stop shareholders from asking pointed questions about the deal, the Lowy family’s involvement and poor disclosure around Barrenjoey’s finances.

The accounting software platform has teamed up with its would-be disruptor. Investors think other battered SaaS names could follow its lead.

Superannuation funds now manage more money than the market value of the entire ASX. As they increasingly flex their muscles in deal situations, bidders are being warned to adjust.

Market watchers say trading uncertainty and depleted valuations have left the door open for opportunistic buyers.