Sirtex in play as founder sells up
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
A block of 7.27 million Sirtex shares was sold at $12 each late on Tuesday, a slight discount to the market price. Sirtex closed Wednesday down 10¢ at $12.35.
The block of shares traded on Tuesday was equal to 12.9 per cent of the company's capital, and raised $87.24 million for Dr Gray.
Dr Gray has been involved in a dispute with the Sirtex board over the way the company has been managed, and he has been gradually selling down his holding over the past six months, taking advantage of an upswing in the share price as it prepares for greater penetration of its cancer treatment in offshore markets.
The sale by Dr Gray opens the door for a possible takeover of the company since the only other large holder, fund manager Hunter Hall has also been selling down its stake. It retains an 18.7 per cent holding in Sirtex.
Call 1300 880 160
Start a chat
Schedule a call
