Business
Oatktree walks from Freedom Foods negotiations – The Australian Financial Review
The Perich family’s Arrovest will invest up to $200 million in the Freedom Foods recapitalisation, after talks with Oaktree collapsed.
The lenders have also agreed to extend standstill provisions until February 28 and the company is aiming to complete the recapitalisation by April, after the companys half-year results.
At the meeting, questions included the scope and role of auditors Deloitte, the audit scrutiny given to related-party transactions, and potential divestments to the legal issues facing the group which include a Slater and Gordon class action, an investigation by the Australian Securities and Investments Commission…
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