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The latest update is out from Southern Cross Media Group Limited ( (AU:SXL) ).
Southern Cross Media Group Limited has completed its acquisition of all issued shares in Seven West Media Limited via an implemented scheme of arrangement, resulting in Southern Cross now owning 100% of Seven West Media. Former Seven West Media shareholders have received 0.1552 Southern Cross shares for each Seven West Media share they held as at the scheme record date, with the new Southern Cross shares scheduled to begin trading on an ordinary settlement basis on 8 January 2026. Trading in Seven West Media shares on the ASX was suspended on 24 December 2025, and the company has moved to terminate its quotation and be removed from the ASX official list from 8 January 2026, consolidating its operations under the Southern Cross corporate umbrella and effectively ending Seven West Media’s life as a separately listed entity.
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
Southern Cross Media Group Limited is an Australian media company listed on the ASX that operates across broadcast and digital platforms, with a focus on radio, television, and related advertising services in metropolitan and regional markets. Seven West Media Limited is a major Australian media group with assets in free-to-air television, digital publishing, and content production, serving national audiences and advertisers across news, sport, and entertainment.
Average Trading Volume: 648,151
Technical Sentiment Signal: Buy
Current Market Cap: A$188.3M
Find detailed analytics on SXL stock on TipRanks’ Stock Analysis page.