Surfstitch: Potential Buyout After Its LinkedIn Moment

Award-winning Financial Journalist

Ashish Saxena

Event-Driven

In <a href="https://www.smartkarma.com/insights/deal-wire-17-03-2016" target="_blank" data-smartkarma-citation="insights:3065">Deal Wire: 17/03/2016</a>, <a href="https://www.smartkarma.com/profiles/3" target="_blank" data-smartkarma-citation="accounts:3">Lee Mitchell</a> highlighted <a href="https://www.smartkarma.com/entities/5566" target="_blank" data-smartkarma-citation="entities:5566">Surfstitch Group Ltd</a>'s (SRF's) latest announcement regarding appointments of Lex Pedersen and Justin Stone as its Joint CEOs and MDs.There is another piece of news that is of significance in the unfolding saga.<div style="text-align: justify;" class="content-highlight">UBS has emerged as the largest shareholder of SRF as on March 10.</div>In a <a href="http://www.asx.com.au/asxpdf/20160315/pdf/435ttglplgb1m3.pdf" target="_blank">disclosure on March 15</a>, UBS announced an increase in its stake from 6.69% on November 13 to 8.96% on March 10.But the best part is: UBS raised the entire stake between…

In Deal Wire: 17/03/2016, Lee Mitchell highlighted Surfstitch Group Ltd's (SRF's) latest announcement regarding appointments of Lex Pedersen and Justin Stone as its Joint CEOs and MDs.There is another piece of news that is of significance in the unfolding saga.UBS has emerged as the largest shareholder of SRF as on March 10.In a disclosure on March 15, UBS announced an increase in its stake from 6.69% on November 13 to 8.96% on March 10.But the best part is: UBS raised the entire stake between…

Surfstitch: Curious Case of UBS Emerging as the Largest Shareholder a Day After Justin Cameron Quit