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Southern Cross Media Group Limited ( (AU:SXL) ) has provided an update.
Southern Cross Media Group Limited has received an independent expert’s report regarding its proposed merger with Seven West Media Limited. The report, prepared by Kroll Australia Pty Ltd, concludes that the merger is in the best interests of SCA’s shareholders, satisfying a key condition for the merger to proceed. The merger is expected to enhance SCA’s market position, though shareholders are encouraged to review the report in detail. The SCA Fiduciary Right Deadline is anticipated to be around 26 November 2025, depending on regulatory processes.
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 prominent Australian media company known for its LiSTNR digital audio app and the Hit and Triple M radio networks. It offers a wide range of digital audio content, including live sports coverage, music playlists, and podcasts, reaching an estimated eight million people monthly. SCA owns 104 radio stations and provides national sales representation for 56 regional stations, boasting over 9 million listeners across its networks.
YTD Price Performance: 47.99%
Average Trading Volume: 294,682
Technical Sentiment Signal: Hold
Current Market Cap: A$202.7M
Find detailed analytics on SXL stock on TipRanks’ Stock Analysis page.