Seven West Media, Southern Cross to merge under scheme of arrangement

Southern Cross Media

29/09/2025 23:59

Sept 30 (Reuters) - Seven West Media SWM.AX said on Tuesday it agreed to merge with Southern Cross Media SXL.AX under a scheme of arrangement to create an integrated media group across metropolitan and regional Australia.

Under the arrangement, Seven West Media shareholders would receive 0.1552 Southern Cross Media shares for each SWM share.

 (Reporting by Roshan Thomas in Bengaluru; Editing by Alan Barona)

 ((Roshan.Thomas@thomsonreuters.com))