Southern Cross Media Merger Gains Independent Expert Backing
Southern Cross Media (ASX: SXL) announced that Kroll Australia Pty Ltd, the independent expert, has endorsed its proposed merger with Seven West Media (ASX: SWM). The expert determined that the proposed merger is equitable and appropriate, serving the best interests of Southern Cross shareholders in the absence of any more favourable alternative proposal. The merger, conducted via a scheme of arrangement, is now awaiting the fulfilment of the SCA Fiduciary Right Deadline, expected around late November 2025. Both companies have issued statements encouraging shareholders to review the full expert reports and seek professional advice before voting. The merger aims to enhance scale, operational synergies, and competitive positioning across the Australian media landscape. The independent endorsement strengthens confidence in the merger’s strategic and financial rationale.
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Southern Cross Media Merger Gains Independent Expert Backing
Southern Cross Media (ASX: SXL) announced that Kroll Australia Pty Ltd, the independent expert, has endorsed its proposed merger with Seven West Media (ASX: SWM). The expert determined that the proposed merger is equitable and appropriate, serving the best interests of Southern Cross shareholders in the absence of any more favourable alternative proposal. The merger, conducted via a scheme of arrangement, is now awaiting the fulfilment of the SCA Fiduciary Right Deadline, expected around late November 2025. Both companies have issued statements encouraging shareholders to review the full expert reports and seek professional advice before voting. The merger aims to enhance scale, operational synergies, and competitive positioning across the Australian media landscape. The independent endorsement strengthens confidence in the merger’s strategic and financial rationale.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au