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Southern Cross Media Group Limited ( (AU:SXL) ) has provided an update.
Southern Cross Media Group Limited has received informal clearance from the Australian Competition and Consumer Commission for its proposed merger with Seven West Media Limited. This approval satisfies a key condition of the merger, indicating it will not significantly reduce competition. However, the merger still requires approval from SWM shareholders and the Australian Communications and Media Authority.
The most recent analyst rating on (AU:SXL) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Southern Cross Austereo (SCA) is a leading Australian media company, known for its LiSTNR digital audio app and the Hit and Triple M radio networks. SCA offers a wide range of digital audio content, including live sports coverage, music playlists, and podcasts, reaching an estimated eight million people monthly. The company owns 104 radio stations and provides national sales representation for 56 regional stations.
Average Trading Volume: 301,117
Technical Sentiment Signal: Buy
Current Market Cap: A$203.9M
See more insights into SXL stock on TipRanks’ Stock Analysis page.