May 13 (Reuters) - ARN Media Ltd (A1N) :
- UPDATE ON NON-BINDING INDICATIVE PROPOSAL TO ACQUIRE SOUTHERN CROSS MEDIA GROUP
- UNDER CONSORTIUM PROPOSAL, ARN WOULD ACQUIRE CERTAIN RADIO STATIONS CURRENTLY OWNED BY SCA
- UNDER CONSORTIUM PROPOSAL, ANCHORAGE CAPITAL PARTNERS WOULD BUY REMAINING SCA RADIO STATIONS IN ADDITION TO CERTAIN ARN RADIO STATIONS
- ANCHORAGE CAPITAL PARTNERS HAS NOTIFIED ARN OF ITS WITHDRAWAL FROM CONSORTIUM
- CONTINUES TO CONSIDER ACQUISITION OF CERTAIN SCA RADIO ASSETS, COMBINATION OF ARN AND SCA DIGITAL AUDIO ASSETS AS UNIQUE OPPORTUNITY
- NTENDS TO ENGAGE WITH SCA ON A REVISED NON-BINDING INDICATIVE PROPOSAL
- WOULD ACQUIRE SAME RADIO ASSETS AS UNDER CONSORTIUM PROPOSAL PLUS ASSUME 100% OWNERSHIP OF COMBINED DIGITAL AUDIO ASSETS OF ARN AND SCA
- SCA SHAREHOLDERS WOULD RECEIVE UP TO 0.870 ARN ORDINARY SHARES FOR EACH FULLY DILUTED SCA SHARE
(([email protected];))
News: SXL ARN Media Updates On Non-Binding Indicative Proposal To Acquire Southern Cross Media
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