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Nuix CFO terminated, CEO to retire

Nuix CFO terminated, CEO to retire Nuix CFO terminated, CEO to retire Share Listed tech company Nuix has announced that it has terminated its chief financial officer, Stephen Doyle, and that its chief executive, Rod Vawdrey, will be retiring. Both announcements were made to the ASX on Tuesday, 15 June and follow reports of investor backlash and possible class actions amid news that both Nuix, and financial backer Macquarie Group, have been asked by ASIC to retain relevant documentation dating back to 2018 as part of an investigation into the floating of the tech company. Stephen Doyle, the company said, is being terminated “by mutual agreement” and retains no operational duties. However, he will be conducting a handover of his responsibilities before his employment finishes at the end of the month.

Crown lays out Oaktree s offer to buy out James Packer

Save Share US private equity firm Oaktree has increased its offer by $100 million to $3.1 billion to buy “some or all” of James Packer’s 37 per cent stake in Crown Resorts in a debt-equity hybrid deal that one analyst dismissed as “underwhelming.” Oaktree has offered to buy up to 9.9 per cent of the casino giant’s stock – below the threshold for probity approval from regulators – and loan Crown cash to “selectively” buy out the rest of Mr Packer’s shares, held through his company Consolidated Press Holdings (CPH). James Packer holds 37 per cent of Crown Resort’s shares.   CPH’s stake in Crown was worth $3.05 billion at last close.

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