One of the country’s biggest investors, Soul Patts chairman Robert Millner, has blasted the ASX after a mistake from the sharemarket operator caused widespread confusion and wiped more than $400 million from the value of TPG Telecom.
Already facing a major inquiry into repeated governance and operational failures, the ASX added to its woes by wrongly and without explanation suggesting the telecommunications group was buying a software developer that was actually being acquired by TPG Capital Asia, a private equity firm.
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