Carnegie cashes in his stake in Macquarie Media

The Australian is reporting (subscription required) that Mark Carnegie has agreed to sell his stake in Macquarie Media to Nine.The move that will allow the new owner to compulsorily acquire all the remaining shares.

 With Carnegie and John Singleton’s shares going to Nine, they will now have more than the 90% stake required to get the rest.
This means Alan Jones small stake, a holding he has already said he would sell, and the Wilson Asset Management purse of 8.1 million shares, along with a number of other small holdings, can now be mopped up by Nine.

Nine issued this notice to the Stock Exchange today.




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