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An update from Southern Cross Media Group Limited ( (AU:SXL) ) is now available.
Seven West Media has confirmed that its scheme of arrangement for acquisition by Southern Cross Media Group has become legally effective following approval by the Supreme Court of New South Wales and lodgement of the court orders with ASIC. Trading in Seven West Media shares on the ASX is expected to be suspended from the close of trading today, with shareholders scheduled to receive 0.1552 Southern Cross shares for each Seven West Media share held at the record date, marking a key step in consolidating two major Australian media players and reshaping the sector’s competitive landscape.
The most recent analyst rating on (AU:SXL) stock is a Hold with a A$0.79 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
Seven West Media is one of Australia’s largest media companies, reaching more than 19 million people a month through broadcast television, publishing and digital platforms. Its portfolio includes the Seven Network and channels 7two, 7mate, 7flix and 7Bravo; streaming service 7plus; news site 7NEWS.com.au; and print and online mastheads such as The West Australian, The Sunday Times, PerthNow and The Nightly. The group’s television network is home to leading news, sport and entertainment programming and holds major broadcast rights, including the AFL, Cricket Australia, Supercars, the 2026 Rugby League World Cup and the Glasgow 2026 Commonwealth Games.
Average Trading Volume: 697,014
Technical Sentiment Signal: Buy
Current Market Cap: A$193.1M
Find detailed analytics on SXL stock on TipRanks’ Stock Analysis page.