Published 2 months ago

'I don't think it's been fully appreciated by the market': SCA CEO says network is undervalued in ARN takeover bid

Summary by Ground News

Southern Cross Austereo boss John Kelly tells Mumbrella the offer simply may not stack up. Kelly says SCA's assessment of the proposal has focused on two key matters: Would the proposal provide value for SCA shareholders? Would our shareholders be better off holding shares in a restructured ARN Newco? And secondly, how efficiently and effectively could the proposal be implemented to enable our shareholders to realise any such value? Kelly says discussions are being kept to a very small group in SCA.

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Mumbrella

'I don't think it's been fully appreciated by the market': SCA CEO says network is undervalued in ARN takeover bid

ARN seems pretty confident its takeover of rival Southern Cross Austereo is likely to close this month, but as SCA boss John Kelly tells Mumbrella, the offer simply may not stack up. A few weeks before Kelly took over as managing director and CEO of SCA last July, the company’s nearest competitor, ARN Media, took a 14.8% stake in the business he was tasked with steering through a period of advertising downturn and general market tumult. On Oct…

2 months ago

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B&T

SCA CEO John Kelly: Undervaluing Of LiSTNR Dragging ARN Takeover

Yesterday SCA confirmed it is still in talks with ARN regarding a potential takeover bid, here SCA CEO John Kelly speaks to B&T about the status of the deal as well as the “challenging” market which led to a profit slump in yesterday’s interim results. ARN Takeover Bid There are “two factors,” influencing the discussions […]

2 months ago

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'I don't think it's been fully appreciated by the market': SCA CEO says network is undervalued in ARN takeover bid

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'I don't think it's been fully appreciated by the market': SCA CEO says network is undervalued in ARN takeover bid

'I don't think it's been fully appreciated by the market': SCA CEO says network is undervalued in ARN takeover bid

SCA CEO John Kelly: Undervaluing Of LiSTNR Dragging ARN Takeover

SCA CEO John Kelly: Undervaluing Of LiSTNR Dragging ARN Takeover

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