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Southern Cross Media Group Limited ( (AU:SXL) ) has provided an announcement.
Southern Cross Media Group Limited is set to acquire Seven West Media Limited through a scheme of arrangement, as approved by the Supreme Court of New South Wales. The Scheme Booklet, which provides details of the acquisition, has been registered with the Australian Securities and Investments Commission and is available for shareholders. The SWM Board recommends shareholders vote in favor of the scheme, with the Independent Expert’s Report supporting the decision as being in the best interests of shareholders. If approved, SWM shareholders will receive new Southern Cross shares in exchange for their current holdings.
The most recent analyst rating on (AU:SXL) stock is a Hold with a A$1.00 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
Average Trading Volume: 301,117
Technical Sentiment Signal: Hold
Current Market Cap: A$203.9M
See more data about SXL stock on TipRanks’ Stock Analysis page.