Keeping faith with Spotless

If Spotless is to entice a bigger offer from PEP, or remain independent, it will have to convince shareholders that its transformation project is going to work.

Spotless played its hole card yesterday with the release of the two-hour plus presentation its management gave to determined suitor Pacific Equity Partners. Perhaps of even greater consequence, however, will be the meetings its chief executive Jo Farnik has today with some of the group’s hitherto sceptical and restless institutional shareholders.

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