Wightlink’s ultimate owner, Australian bank Macquarie, are having a bit of a rough time in the press at the moment.
The latest we’ve seen is on Website for The Australian, which while speculating that the bank might be cutting jobs, mentions that the Bank itself might become a takeover target.
The article says that as the bank’s shares have dropped 22% in value since May this year …
The current weakness has prompted CLSA analyst Brian Johnson to speculate that the bank could become a takeover target for a larger rival. He said Macquarie, which has a $9.8bn market capitalisation, could be “selectively broken up” by a bidder.
