ARN Media

New twist in SCA acquisition bid

1 March 2024 Three of Southern Cross Austereo’s biggest shareholders have reportedly launched an intervention to remove the company’s chairman, board and management.The Australian Financial Review article (subscription required) says this latest development follows slow progress evaluating a takeover offer from radio rival ARN Media.The newspaper reports “Late on Thursday night, Spheria Asset Management said it would call… Read More

ARN reaffirms commitment to SCA takeover bid in annual report

23 February 2024 ARN Media has reaffirmed its commitment to the proposed SCA acquisition, providing an update in its annual report.ARN – which partnered with investment firm Anchorage Capital Partners to form a consortium to bid for SCA – says “The Consortium remains committed to delivering a clear, compelling and certain transaction for SCA shareholders in a timely… Read More

Update on ARN’s bid for SCA

19 December 2023 ARN Media Limited and Anchorage Capital Partners Pty Limited have today provided an update on their nonbinding indicative offer to acquire 100% of the fully diluted share capital of SCA.ARN says under the Indicative Proposal, SCA shareholders would receive 0.753 ARN shares and 29.6 cents cash per SCA share.“The Consortium remains open to working with… Read More

ARN Media puts in a bid for Southern Cross Media’s share capital

18 October 2023 ARN Media Limited (ARN) and Anchorage Capital Partners Pty Limited (ACP) have made a non-binding indicative offer to Southern Cross Media Group Limited (SCA) to...

ARN Media acquires 14.8% stake in Southern Cross Media Group

20 June 2023 ARN Media has spent $38.3 million to acquire a 14.8% interest in Southern Cross Media Group Limited. The Australian Financial Review (subscription required) reported the...

HT&E rebrands to ARN Media after AGM

18 May 2023 Towards the end of HT&E CEO and Managing Director Ciaran Davis’s address at yesterday's AGM, he announced that they would vote to rebrand to ARN...