Seven West shareholders overwhelmingly back Southern Cross takeover

Seven West shareholders overwhelmingly back Southern Cross takeover

Seven West Media shareholders have thrown their support behind the acquisition of the company by Southern Cross Media after backing the merger at today’s scheme meeting.

Kerry Stokes faces Seven West shareholders one last time

The takeover merges two Australian media companies whose fortunes have suffered under the relentless expansion of giants such as Netflix, Meta and Google.

SWM shares fall again after shareholders vote for SCA merger

Despite a giant majority of Seven West Media shareholders today voting to merge with Southern Cross Austereo, the stock slumped on the ASX today.The price of SWM shares fell 4% to to 12c – a low point only briefly hit during the early months of the 2020 Covid market panic. Seven’s market capitalisation dropped to […]

Seven West Media shareholders approve Southern Cross merger

Seven West Media (SWM) shareholders have overwhelmingly approved a merger with Southern Cross Media Group (SCA), clearing a major hurdle in a $385 million deal designed to bulk up traditional media at a time when scale is fast becoming a survival strategy. At a brief meeting in Sydney today, 99 per cent of shares cast voted in favour of the transaction. The deal now heads to the New South Wales Supreme Court for approval on Tuesday and, subject …