AUSTRALIA

Nexus left to dogs on principle

NEXUS Energy has failed to execute its scheme of arrangement under which Seven Group Holdings offered to take over the struggling company, after the deal got voted down at a scheme meeting yesterday.

Andrew Snelling

The meeting turned up 391.9 million votes in favour of the deal and 527 million against. As a result, Nexus has called in administrators Matthew Caddy, Tony McGrath and Jason Preston of McGrathNicol...

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