Hancock Prospecting chairwoman rumoured behind tilt at Fairfax Media (Reply #2)

(6,384 posts)

2. Hancock Prospecting chairwoman rumoured behind tilt at Fairfax Media

Tue Jan 31, 2012, 03:16 AM

Jan 2012

GINA Rinehart, Australia's richest person, is rumoured to be behind a $192 million raid on Fairfax Media shares this afternoon.

(snip)

Such a stake would put her in pole position to demand a board seat and take, if not effective control, a key stake in the company.

http://www.theaustralian.com.au/media/hancock-prospecting-chairwoman-rumoured-behind-tilt-at-fairfax-media/story-e6frg996-1226258620809?sv=7ff6b87fe79e17207779985790405a33

Imagine - all our newspapers controlled by Murdoch and Rinehart. It might not be far away.

Australia