The unspoken war behind the Endeavour board stoush is between billionaire Bruce Mathieson and Woolworths.
It’s denunciatory letters at 20 paces in the battle between billionaire pub baron Bruce Mathieson and the board of Endeavour, in which he is the largest shareholder.
Mathieson doesn’t support the Endeavour board, but Woolworths has remained silent and thus appears to support it. Thus Endeavour’s mum and dad shareholders are about to be bombarded by pollsters from both sides, and find themselves targeted by an advertising campaign soon to kick off. At the same time, investment banks have been hired by both to hustle support from large shareholders.
Bill Wavish’s bid to join the board will be put to a vote at the annual general meeting.But the Endeavour board is still not endorsing him. When asked about whether he would end the fight if Wavish was not elected, Mathieson indicated there was plenty left to do. “I will be around for a long time,” he warned.have been lobbing every few days – each contesting how the other measures Endeavour’s performance – most of which small shareholders could find difficult to follow.
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