Brief: Southern Cross Media Says Current Terms Of Consortium's Indicative Proposal Undervalues Co

Southern Cross Media

06/03/2024 21:32

March 7 (Reuters) - Southern Cross Media Group Ltd
 SXL.AX :
    * RESPONSE TO INDICATIVE PROPOSAL FROM ARN MEDIA AND
ANCHORAGE
CAPITAL PARTNERS
    * RESPONSE TO INDICATIVE PROPOSAL FROM ARN MEDIA AND
ANCHORAGE
CAPITAL PARTNERS
    * INDICATIVE PROPOSAL IS NOT IN BEST INTERESTS OF SCA
SHAREHOLDERS
    * BOARD CONSTRUCTIVELY ENGAGED WITH CONSORTIUM AND ITS
ADVISERS IN
EVALUATING INDICATIVE PROPOSAL
    * REMAINS WILLING TO CONSIDER ANY REVISED PROPOSAL
    * CONCLUDED THAT CURRENT TERMS OF INDICATIVE PROPOSAL
UNDERVALUES
CO

Source text for Eikon:  ID:nASX1YBBH 
Further company coverage:  SXL.AX 

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