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Seven West Media Limited ( (AU:SWM) ) has issued an announcement.
Seven West Media Limited announced that the Australian Competition and Consumer Commission (ACCC) has confirmed it will not oppose the proposed acquisition by Southern Cross Media Group Limited. This approval fulfills a key condition of the acquisition scheme, although other conditions must still be met. The announcement marks a significant step forward in the acquisition process, potentially impacting the company’s market positioning and stakeholder interests.
The most recent analyst rating on (AU:SWM) stock is a Sell with a A$0.15 price target. To see the full list of analyst forecasts on Seven West Media Limited stock, see the AU:SWM Stock Forecast page.
More about Seven West Media Limited
Seven West Media (ASX: SWM) is a leading Australian media company with a significant presence in broadcast television, publishing, and digital platforms, reaching over 19 million people monthly. It owns notable media assets such as the Seven Network and its affiliate channels, 7plus, 7NEWS.com.au, The West Australian, and others. The company is known for its popular news, sports, and entertainment programming, and is a broadcast partner for major sporting events.
Average Trading Volume: 1,286,423
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$207.8M
Find detailed analytics on SWM stock on TipRanks’ Stock Analysis page.