"The biggest cause of Australians losing money overseas is not pickpockets, dodgy taxi drivers, or pre-damaged rental jet skis, but rather ill-conceived offshore acquisitions by Australian corporates"...
Slater+ Gordon’s acquisition of Qunidell’s professional services division...helped contribute to equity holders losing 99% of the value of their investment in the company as it both burdened the company with too much debt and bought a business without undertaking sufficient due diligence".
https://www.livewiremarkets.com/wires/losing-money-overseas
Further reading;
http://www.copyright link/business/...untry-club-built-on-quicksand-20150827-gj9k49
SGH, page-334
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
