Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Seven West Media Limited ( (AU:SWM) ) has shared an update.
Seven West Media has received final court approval for its scheme of arrangement under which all its issued shares will be acquired by Southern Cross Media Group, marking a major consolidation in the Australian media sector. With the scheme now legally effective and trading in Seven West Media shares expected to be suspended from the close of today’s session, shareholders will receive 0.1552 Southern Cross shares for each Seven West Media share held on the designated record date, effectively folding one of the country’s largest free-to-air and cross‑platform media groups into Southern Cross and reshaping ownership structures and competitive dynamics across broadcast, publishing and digital media.
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, reaching more than 19 million people a month through a market‑leading portfolio spanning broadcast television, publishing and digital platforms. Its assets include the Seven Network and its multichannels 7two, 7mate, 7flix and 7Bravo; streaming service 7plus; news site 7NEWS.com.au; and key Western Australian print and online mastheads such as The West Australian, The Sunday Times, PerthNow and The Nightly, as well as extensive rights to major sports and entertainment programming.
Average Trading Volume: 1,286,984
Technical Sentiment Signal: Sell
Current Market Cap: A$192.4M
See more data about SWM stock on TipRanks’ Stock Analysis page.