Australian Radio Network's (ARN) takeover bid for Southern Cross Media (SCA) was rejected.
Australian radio company ARN's alternative takeover bid for Southern Cross Media (SCA) was rejected; however, ARN remains open to exploring other options, including acquiring SCA's radio assets and a 100% share in combined digital audio assets. SCA's chairman cited concerns about the proposal's potential downside for SCA shareholders. ARN plans to share any significant developments with the market.
8 months ago
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