PaperlinX to close hybrid offer next month

PaperlinX will close its offer to holders of its hybrids in frustration at the actions of hybrid holders that sought to block the loss making paper merchant’s scheme at the Takeovers Panel. PaperlinX told the media, “The hybrids are a sideshow and I’m frustrated by it because it takes away valuable management time and resources.” PaperlinX last month offered hybrid holders a 55 per cent stake in the company in...

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