HT&E Ltd (AU:A1N) has released an update.
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ARN Media Limited has opened its 2023 AGM, discussing the company’s resilience in tough economic conditions and its strategic moves to strengthen and expand its business. Significant developments include ARN’s acquisition of a 14.8% stake in Southern Cross Media and a proposed transaction to further acquire SCA, presenting a prospect to form Australia’s most valuable audio-led entertainment company. The proposed acquisition offered SCA shareholders a premium on their shares, with an additional offer increase contingent on due diligence outcomes.
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