What's New
BY Sarah Patterson October 4, 2024
What's New May 15, 2024
SCA says no to ARN’s new indicative offer
That was quick, but perhaps not surprising.
SCA‘s Board have already decided that the Alternative Indicative Offer by ARN, after Anchorage Capital Partners pulled out of their initial consortium takeover bid, is not in its shareholders interests.
They’ve also said, in an ASX release, that they have not yet received from ARN a formal offer, but irrespective based on legal and financial advice, they won’t engage with it, as it does not represent the value or the incremental earnings that ARN outlined in their AGM.
Unless a party is willing to come in for SCA’s television assets it looks like this deal is now fully off the table.
I still don’t think arn will give up on doing a deal with sca
Turns out those TV “assets” are a real ticking time bomb huh?
Where to from here for ARN?? Maybe discussions with the Super Network?? Cherry pick some FM stations
Nova Entertainment Might have something to say about this they might buy out the hall of SA.