Brief: Southern Cross Media Says Update On Proposal From ARN Media And Anchorage Capital Partners

ARN Media

19/12/2023 06:30

Dec 19 (Reuters) - ARN Media Ltd  A1N.AX :
    * UPDATE ON PROPOSAL FROM ARN AND ANCHORAGE,A1N
    * UPDATE ON PROPOSAL FROM ARN MEDIA AND ANCHORAGE CAPITAL
PARTNERS
    * PARTIES HAVE NOT REACHED A BINDING AGREEMENT TO IMPLEMENT
INDICATIVE PROPOSAL
    * IS NO CERTAINTY THAT A TRANSACTION WILL EVENTUATE
    * SCA RECOMMENDS SHAREHOLDERS TAKE NO ACTION IN RELATION TO
THE
INDICATIVE PROPOSAL AND WILL  CONTINUE TO UPDATE SHAREHOLDERS
    * CONSORTIUM HAS RECONFIRMED ITS INDICATIVE PROPOSAL, AND
BOARD OF
SCA HAS DETERMINED TO CONTINUE DUE DILIGENCE WITH CONSORTIUM

Source text for Eikon:  ID:nASX8B4j0v 
Further company coverage:  A1N.AX 

 ((Reuters.Briefs@thomsonreuters.com;))