A1N 0.00% 71.5¢ arn media limited

Ann: Update on Takeovers Panel Proceeding, page-3

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  1. 45 Posts.
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    Will cost ARN an estimated $ 18 million because they paid a ridiculous premium, instead of buying on the open market. Not sure if this was paid from an cash pile or debt . They must have received about $ 1.1 million from SOUTHERN CROSS MEDIA in dividends . Let's hope the ARN dividend payout % is not affected by this mess.
    ARN must set an example and scrap all performance bonuses for the management and board.
 
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