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)
July 26 (Reuters) - Television broadcaster Nine Entertainment...
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Last
$1.11 |
Change
-0.100(8.27%) |
Mkt cap ! $1.760B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.16 | $1.09 | $20.52M | 18.06M |
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| No. | Vol. | Price($) |
|---|---|---|
| 45 | 416597 | $1.11 |
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| Price($) | Vol. | No. |
|---|---|---|
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