Bubs early votes indicate spill at infant formula maker to fail
The dispute between the company and its former managers and founders, Kristy Carr and Dennis Lin, has extended for months.
Stay updated with breaking news from Peter Nathan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The dispute between the company and its former managers and founders, Kristy Carr and Dennis Lin, has extended for months.
The Bubs dissident sued three former business partners ... then withdrew the case when asked for documents.
“We would love them to reconsider their position,” James Jackson, who hopes to become Bubs’ next chairman, said after two proxy advisers recommended against the spill.
Proxy adviser Institutional Shareholder Services (ISS) is advising its clients to oppose plans to spill Bubs Australia’s existing board and install a new one including a2 Milk executive Peter Nathan.
Ming Tee Lee is behind the conglomerate that owns InterContinental hotels in Australia, and also appears to be the silent partner in AZ Global.