BEST OF 2012: Paperlinx year in review

January

Paperlinx reveals it has received a private equity takeover bid

January

Paperlinx's mystery bidder is tipped as the US private equity firm that vied for Manroland's sheetfed arm

February

Stream Solutions founder Andrew Price mounts a leadership coup on Paperlinx and calls for chairman Harry Boon to resign

February

Paperlinx posts a $61 million half-yearly loss with revenue falling 11% and net debt increasing 7%

March

Paperlinx brands coup leader Andrew Price a "substantial risk" ahead of the Extraordinary General Meeting

March

Paperlinx chairman Harry Boon narrowly sees off Andrew Price's attempted coup at the Extraordinary General Meeting

April

Paperlinx chief executive Toby Marchant forecasts a return to profit by 2014 and threatens to sue a prominent critic

April

Paperlinx renegade Andrew Price threatens the board with another Extraordinary General Meeting if it does "anything stupid"

June

Paperlinx's cost-cutting drive is dismissed as inadequate as critics call for $100 million of savings and 1,200 job cuts

June

Paperlinx cancels takeover talks and forecasts a full-year loss of $171 million

July

Paperlinx sells another $30 million of assets as chief executive Toby Marchant resigns

August

Paperlinx welcomes agitator Andrew Price on to its board just months after questioning his competence

August

Andrew Price reveals why he made the shock decision to join Paperlinx

August

Paperlinx losses reach $1.4 billion in four years as it posts another full-year loss

August

Paperlinx business Spicers celebrates after developing a public speaking iPhone app that has surged up the iTunes chart

September

Paperlinx chairman Harry Boon resigns after a 49% fall in the share price during his tenure

October

Paperlinx appoints financial and risk management expert Michael Barker as chairman

November

Paperlinx's new board slams the previous incumbents while announcing another 200 job cuts

December

Paperlinx investors are warned the merchant wants to "get rid of us quickly" as CFO Richard Barfield departs

December

Paperlinx appoints a new chief executive and chief financial officer as it bids to return to profit

 
 
 
 
 
 
 
 
Price: agitated the board
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Marchant: resigned in July
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
iPhone app: Spicers

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Barker: replaced Harry Boon
 
 

 

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