FXJ fairfax media limited

News: FXJ NZME announces NZME and Fairfax NZ merger

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    Sept 6 (Reuters) - NZME Ltd (NZM) :

    • NZME and Fairfax nz merger
    • Announces the signing of a merger implementation agreement to effect the merger of NZME and Fairfax New Zealand Limited
    • NZME will pay NZ$55 million in cash and issue NZME shares to Fairfax Corporation Pty Limited
    • Says NZME expects to increase its bank facilities to NZ$250 million through a syndicated bank facility

 
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