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Seven West Media Limited ( (AU:SWM) ) has issued an announcement.
Seven West Media shareholders have overwhelmingly approved the proposed acquisition of the company by Southern Cross Media Group via a scheme of arrangement, with 88.34% of shareholders present and voting and 99.36% of votes cast in favour. The deal now hinges on approval from the Supreme Court of New South Wales and satisfaction of remaining conditions, after which the scheme is expected to become effective on 24 December 2025, SWM shares will be suspended from ASX trading, and implementation will proceed in early January 2026, marking a significant consolidation move in the Australian media sector with implications for investors as they transition to holding Southern Cross shares.
The most recent analyst rating on (AU:SWM) stock is a Hold with a A$0.13 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 Limited is an Australian media company listed on the ASX, operating across television, publishing and digital platforms. It provides news, entertainment and sports content to audiences nationwide, positioning itself as a major player in the country’s broadcast and media landscape.
YTD Price Performance: -16.67%
Average Trading Volume: 1,307,550
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$192.4M
See more data about SWM stock on TipRanks’ Stock Analysis page.