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Sandon Capital Acquires Substantial Stake in Southern Cross Media

Story Highlights
  • Sandon Capital has acquired a 5.05% stake in Southern Cross Media.
  • This acquisition aligns with Sandon’s activist investment strategy, potentially influencing Southern Cross Media’s future decisions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Confident Investing Starts Here:

An announcement from Sandon Capital Investments Limited ( (AU:SNC) ) is now available.

Sandon Capital Pty Ltd has become a substantial holder in Southern Cross Media Group Ltd, acquiring a 5.05% voting power through its investment vehicles. This move indicates Sandon Capital’s strategic interest in Southern Cross Media, potentially impacting the company’s governance and future strategic decisions, aligning with Sandon’s activist investment approach.

More about Sandon Capital Investments Limited

Sandon Capital Investments Limited is a company involved in investment management, focusing on activist investment strategies. It operates through its Sandon Capital Activist Fund and is known for engaging in investments that aim to influence corporate strategies to enhance shareholder value.

YTD Price Performance: 5.64%

Average Trading Volume: 66,599

Technical Sentiment Signal: Strong Sell

See more data about SNC stock on TipRanks’ Stock Analysis page.

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