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Lendlease has sold half of its stake in the company’s life sciences operations in Asia, simplifying its business ahead of a showdown with angry shareholders clamouring for a complete overhaul of the global property giant.

Dissident high-profile investors led by John Wylie’s Tanarra Capital have called for a shake-up of Lendlease’s complicated empire, management changes, and are manoeuvring to get a seat at the table for the company’s next phase.

https://www.smh.com.au/business/companie...5jees.html

The move comes as high-profile activist investors – John Wylie’s Tanarra Capital, Allan Gray and HMC Capital – ratchet up pressure on the homegrown global developer, demanding Lendlease pull back from much of its offshore activity to focus on restoring the once-hallowed company’s value at home.

https://www.afr.com/property/commercial/...517-p5jefa

(18-05-2024, 08:47 AM)theold Wrote: [ -> ]The move comes as high-profile activist investors – John Wylie’s Tanarra Capital, Allan Gray and HMC Capital – ratchet up pressure on the homegrown global developer, demanding Lendlease pull back from much of its offshore activity to focus on restoring the once-hallowed company’s value at home.

https://www.afr.com/property/commercial/...517-p5jefa

Good or not good Ahh....