July 26 (Reuters) - Television broadcaster Nine Entertainment Co Holdings Ltd (NEC) said on Thursday that it had entered a scheme implementation agreement to acquire newspaper publisher Fairfax Media Ltd (FXJ) for A$2.16 billion ($1.61 billion).
Under the offer, Fairfax shareholders will receive 0.3627 Nine shares and A$0.025 in cash for each Fairfax share, the companies said in a joint announcement.
Nine shareholders will own 51.1 percent of the combined entity, while Fairfax shareholders will own the remaining 48.9 percent.
($1 = 1.3428 Australian dollars)
News: NEC Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln
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Last
$1.15 |
Change
-0.065(5.38%) |
Mkt cap ! $1.819B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.16 | $1.09 | $11.20M | 9.720M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 60127 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 161152 | 35 |
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| NEC (ASX) Chart |