The Market Herald faces challenge by shareholder via Takeovers Panel
The Australian Takeovers Panel is reviewing an application from a shareholder of The Market Herald (TMH), which suggested the booklet for the company’s recent entitlement offer is “materially misleading and/or deceptive”.
TMH announced the entitlement offer last month in a bid to raise funds and pay down debts related to the purchase of Gumtree, Carsguide and Autotrader.
