Oct 18 (Reuters) - ARN Media Ltd (A1N) :
- NON-BINDING INDICATIVE PROPOSAL TO ACQUIRE SCA
- UNDER INDICATIVE PROPOSAL, SCA SHAREHOLDERS WOULD RECEIVE 0.753 ARN SHARES AND 29.6 AU CENTS CASH PER SCA SHARE
- ARN MEDIA AND ANCHORAGE CAPITAL PARTNERS MADE A NON-BINDING INDICATIVE OFFER TO BUY SOUTHERN CROSS MEDIA
- PROPOSED TRANSACTION AND SEPARATION WILL RESULT IN TWO SEPARATE, NATIONAL MEDIA ORGANISATIONS
- UNDER PROPOSED TRANSACTION RADIO AND TELEVISION ASSETS OF ARN AND SCA TO BE SEPARATED INTO INDEPENDENT OWNERSHIP BY EACH OF ARN AND ACP
- CONSORTIUM LOOKS FORWARD TO ENGAGING FURTHER WITH SCA TO DEVELOP INDICATIVE PROPOSAL
News: A1N ARN Media Announces Non-Binding Indicative Proposal To Acquire SCA
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