Brief: Southern Cross Media Updates On Proposal From Australian Community Media

Southern Cross Media

28/05/2024 02:33

May 28 (Reuters) - Southern Cross Media Group Ltd
 SXL.AX :
    * PROPOSAL FROM AUSTRALIAN COMMUNITY MEDIA
    * HAS RECENTLY BEEN APPROACHED BY AUSTRALIAN COMMUNITY MEDIA
    * APPROACHED WITH A PROPOSAL FOR SCA TO ACQUIRE ASSETS OF
ACM
    * SCA BOARD HAS DECIDED TO INVESTIGATE ACM'S REVISED
PROPOSAL
    * RECOMMENDS SHAREHOLDERS TAKE NO ACTION IN RELATION TO
ACM'S
PROPOSAL
    * ACM'S PROPOSAL RELATES TO PORTFOLIO OF 14 OF ITS DAILY
PRINT AND
DIGITAL NEWS PUBLICATIONS, OTHERS


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