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The latest update is out from Seven West Media Limited ( (AU:SWM) ).
Seven West Media Limited has announced that the Supreme Court of New South Wales has approved the convening of a shareholder meeting to vote on a proposed acquisition by Southern Cross Media Group Limited. The Scheme Booklet, which includes detailed information about the arrangement, has been registered and is available to shareholders. The SWM Board recommends voting in favor of the scheme, and the Independent Expert’s Report supports this recommendation, stating it is in the best interest of shareholders. If approved, SWM shareholders will receive Southern Cross shares as part of the arrangement.
The most recent analyst rating on (AU:SWM) stock is a Sell with a A$0.15 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 a prominent Australian media company operating in the broadcasting and publishing industries. The company is known for its television network, newspapers, and magazines, catering to a diverse audience across Australia. It focuses on delivering entertainment, news, and information through various media platforms.
Average Trading Volume: 1,286,423
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$207.8M
See more insights into SWM stock on TipRanks’ Stock Analysis page.