tiprankstipranks
Advertisement
Advertisement

Southern Cross Media’s Takeover of Seven West Media Becomes Legally Effective

Story Highlights
  • Southern Cross Media’s court-approved scheme to acquire Seven West Media is now effective.
  • Seven West Media shares will be suspended, and investors will receive Southern Cross scrip, reshaping media ownership.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Southern Cross Media’s Takeover of Seven West Media Becomes Legally Effective

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from Seven West Media Limited ( (AU:SWM) ).

Southern Cross Media Group Limited has confirmed that its court-approved scheme of arrangement to acquire all issued shares in Seven West Media Limited has become legally effective, following lodgement of the Supreme Court of New South Wales orders with the Australian Securities and Investments Commission. As a result, Seven West Media shares are expected to be suspended from trading on the ASX from the close of 24 December 2025, with Seven West Media shareholders scheduled to receive 0.1552 Southern Cross shares for each share held on the 30 December 2025 record date, marking a major consolidation move in the Australian media sector that will reshape ownership and may have significant implications for investors and the competitive landscape.

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

Southern Cross Austereo, owned by Southern Cross Media Group Limited, is one of Australia’s leading media companies, operating the LiSTNR digital audio platform alongside the Hit and Triple M radio networks. Its portfolio includes 104 FM, AM and DAB+ radio stations, extensive live sports coverage, curated music playlists, local news and more than 800 podcasts, reaching millions of listeners nationally each month and providing national sales representation for a large network of regional stations.

Average Trading Volume: 1,286,984

Technical Sentiment Signal: Sell

Current Market Cap: A$192.4M

See more insights into SWM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1