SXL southern cross media group limited

News: SXL ARN Media Updates On Non-Binding Indicative Proposal To Acquire SCA

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    Dec 19 (Reuters) - ARN Media Ltd (A1N) :

    • UPDATE ON NON-BINDING INDICATIVE PROPOSAL TO ACQUIRE SCA
    • UNDER THE INDICATIVE PROPOSAL, SCA SHAREHOLDERS WOULD RECEIVE 0.753 ARN SHARES AND 29.6 AU CENTS CASH PER SCA SHARE
    • CONSORTIUM RECONFIRMED INDICATIVE PROPOSAL TO SCA BOARD OF DIRECTORS AND GRANTED A FURTHER PERIOD OF DUE DILIGENCE ENGAGEMENT
    • CONSORTIUM REMAINS CONFIDENT THAT INDICATIVE PROPOSAL REPRESENTS COMPELLING VALUE PROPOSITION FOR BOTH ARN AND SCA SHAREHOLDERS
    • CONSORTIUM OPEN TO WORKING WITH SCA TO STRUCTURE PART OF CASH COMPONENT OF CONSIDERATION AS PRE-COMPLETION FULLY FRANKED SPECIAL DIVIDEND

    (([email protected];))

 
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Last
59.0¢
Change
0.010(1.72%)
Mkt cap ! $141.5M
Open High Low Value Volume
58.0¢ 59.5¢ 57.5¢ $16.65K 28.68K

Buyers (Bids)

No. Vol. Price($)
2 19224 58.0¢
 

Sellers (Offers)

Price($) Vol. No.
60.0¢ 28167 4
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