Did MYOB shares fall because of the Bain overhang?
MYOB arch-rival Xero says it was disappointment with MYOB's results rather than the Bain overhang that sent its shares plunging and that its key rival in the US, Intuit, also disappointed investors. With special feature audio.
Jenny Ruth Mon, 29 Aug 2016
MYOB’s share price fall after its first-half results and since the escrow came off the 58% stake owned by Bain Capital raises the question of whether Bain can afford to sell now.
If the private equity investor – which mysteriously bought MYOB from another private equity company, Archer Capital –
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