Arnold Bloch Leibler partner and shareholder activism expert Jeremy Leibler has been referenced in the AFR for his role in advising US investor Alta Fox Capital Management in an activist campaign against ASX-listed EML Payments.
As reported in Street Talk, Alta Fox is best recognised for its previous battle against NASDAQ-listed Hasbro, the owner of board game Monopoly and one of the largest toy makers in the United States.
AFR journalists wrote: “It’s not clear what Alta Fox’s intentions are at EML Payments. But if it’s looking to take a leaf out of its Hasbro playbook, it wouldn’t have to look too far to find kindred spirits”.
“It is understood the filing was sent to the company and the ASX by Arnold Bloch Leibler’s renowned gunslinger Jeremy Leibler, who’s never scared of a corporate stoush and has claimed more than a few scalps.”
Sources commented Alta Fox has already been influential at EML Payments. In the latest substantial shareholder notice, its vote helped block the former chairman’s re-election to the board (50.49% of votes cast were against his re-election).
Arnold Bloch Leibler has recently been involved in several high-profile activist campaigns in relation to Australian Unity Health Fund; Bennelong Long Short Management Limited, Myer Limited and Cromwell Group. To find out more about our expertise in Shareholder Activism, click here.
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