Sources said UBS has taken the reins as pressure mounts on the SCA board to engage with ARN Media and Anchorage Capital Partners.
for rival radio and television broadcaster Southern Cross Austereo – but Street Talk understands the target is taking advice from a new source.
It’s unclear whether Grant Samuel is still anywhere on the SCA ticket. The advisory firm declined to comment on Sunday. UBS did not respond. Sources accused Southern Cross of slow-walking the deal by highlighting its intricacy, described by SCA chairman Rob Murray as “complex and highly conditional” in an address to shareholders on Friday. ARN believes tabling an Australian Communications and Media Authority solution upfront has
“Our board and executive team are assessing it carefully to work out whether it could create additional value for our shareholders and whether the proposed terms are in our shareholders’ best interests,” Murray said of ARN’s bid on Friday. “Since receiving the proposal last week, we have set up sub-committees ... to consider the proposal, and our financial and legal advisers have held initial discussions with the consortium’s advisers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Six of Southern Europe’s most charming hotelsThis selection of upmarket hotels in the south of Europe guarantees luxurious comforts, good food, and easy access to popular sights.
Read more »
Six of Southern Europe’s most charming hotelsThis selection of upmarket hotels in the south of Europe guarantees luxurious comforts, good food, and easy access to popular sights.
Read more »
Six of Southern Europe’s most charming hotelsThis selection of upmarket hotels in the south of Europe guarantees luxurious comforts, good food, and easy access to popular sights.
Read more »
Great Southern Sports Academy launched to help young country athletes excelYoung country athletes often face more hurdles than their city counterparts, but that may soon change.
Read more »
More warnings as firefighters remain on high alert across QueenslandA “beast” of a blaze that has claimed a life and destroyed homes continues to burn in southern Queensland after defying firefighters for another night.
Read more »