Brief: Southern Cross Media Decided Not To Pursue Australian Community Media's Proposal
27/06/2024 02:41
June 27 (Reuters) - Southern Cross Media Group Ltd
SXL.AX :
* DECIDED NOT TO PURSUE AUSTRALIAN COMMUNITY MEDIA'S
PROPOSAL FROM
28 MAY
* CONCLUDED RELEVANT ASSETS DO NOT ALIGN WITH CO'S
AUDIO-FOCUSED
STRATEGY AND WOULD NOT CREATE VALUE FOR CO'S SHAREHOLDERS
Further company coverage: SXL.AX
((Reuters.Briefs@thomsonreuters.com;))
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