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The latest update is out from Seven West Media Limited ( (AU:SWM) ).
Seven West Media has convened a court‑ordered scheme meeting for shareholders to vote on a proposed acquisition by Southern Cross Media Group via a scheme of arrangement. Under the proposal, Seven West Media shareholders would receive 0.1552 Southern Cross shares for each Seven share they hold, with voting taking place in person in Sydney and results to be released to the ASX following the meeting, marking a key step toward potential consolidation in the Australian media sector and a change of ownership structure for Seven West Media investors.
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 one of Australia’s largest media companies, with a market‑leading footprint across broadcast television, publishing and digital platforms, reaching more than 19 million people each month. Its portfolio includes the Seven Network and its multichannels 7two, 7mate, 7flix and 7Bravo, the 7plus streaming service, news site 7NEWS.com.au, and major print and online mastheads such as The West Australian, The Sunday Times, PerthNow, The Nightly and Roam, supported by a strong slate of news, sport and entertainment programming and major sports broadcast partnerships.
YTD Price Performance: -16.67%
Average Trading Volume: 1,307,550
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$192.4M
Learn more about SWM stock on TipRanks’ Stock Analysis page.