date:May 21, 2014
bout 5% of the companys 3,500 global workforce, spokesman Roger Sharp said by phone.
Implicitly the stock should be worth more if Clarke is able to cut A$35 million in costs, Mueller said. The amount is equivalent to about 32% of Treasurys A$108 million in earnings before interest, tax, depreciation and amortization over the 12 months ended December. You could argue that whatever premium was offered a few days ago should now apply to higher earnings from the cost savings.
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Trea