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Southern Cross Media Group Limited ( (AU:SXL) ) just unveiled an update.
The Australian Competition and Consumer Commission (ACCC) has approved Southern Cross Media Group Limited’s proposed acquisition of Seven West Media Limited, satisfying a key condition of the scheme of arrangement. This development marks a significant step in the acquisition process, although other conditions outlined in the Scheme Booklet must still be met. The acquisition could potentially reshape the media landscape in Australia, impacting stakeholders and the competitive dynamics within the industry.
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
Seven West Media 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 renowned media businesses like the Seven Network and its affiliate channels, as well as digital platforms such as 7plus and 7NEWS.com.au. The company is known for its popular news, sports, and entertainment programming and is a broadcast partner for major sporting events.
Average Trading Volume: 301,117
Technical Sentiment Signal: Buy
Current Market Cap: A$203.9M
For an in-depth examination of SXL stock, go to TipRanks’ Overview page.