Glennon Small Companies Ltd (ASX:GC1 – Get Free Report) insider Sulieman Ravell bought 1,659 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were purchased at an average price of A$9.26 ($5.97) per share, for a total transaction of A$15,364.00 ($9,912.26). Glennon Small Companies Stock Performance Glennon Small Companies Announces […]
âIt was intimidatingâ: when companies sue analysts
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At 9pm one Friday late last year, sharemarket analyst Anthony Di Pizio recalls, he took a call from a lawyer working for a biotechnology outfit he had just slammed in a report.
The lawyer was âthreatening me with proceedingsâ, Mr Di Pizio told
AFR Weekend.
Legal proceedings against analyst Anthony Di Pizio have been dismissed. Â
Dominic Lorrimer
âIt was intimidating.â
Now, after almost five months of legal entanglement with the iQ Group Global, which is working on inventions from a saliva biosensor to a cancer platform, proceedings against Mr Di Pizio have been dismissed.
Sydney hedge fund plans hostile takeover of Amaysim
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The battle for Amaysim has taken another extraordinary turn, as obscure Sydney-based hedge fund RAMCap has vowed to go directly to shareholders with its bid after the board of the $220 million telco refused to engage with an earlier offer.
The bid will rival an existing bid by Geoff Wilson s WAM Capital, which already has board approval. It had looked like a done deal before RAMCap made its surprise approach just before Christmas, which the board batted away.
Geoff Wilson s bid for Amaysim faces an aggressive counterbid from a tiny family-run hedge fund.