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TEN

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16.0¢ ten network holdings limited

Ann: Report to Creditors ASX Code TEN, page-5

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wints

215 Posts.

04/09/17

22:39

Post #: 26992230

Originally posted by ypbisx ↑

Under the proposed CBS bid shareholders will receive no compensation for their shares being taken over.
CBS will have to clear the Foreign Investment Review Board and face a court ruling to certify the transfer of shares from existing holders to CBS.
The administrators say in their report they expect a court will support the transfer of shares to CBS if it is approved by creditors, given Ten's financial position.

Expand

Does that mean Murdock cops 20+ million loss along with the mum and dad investors? Don't understand how the SH money can given away in this exchange?

Column 1 Column 2 Column 3

0 Shareholders Equity 382,159,000 (81% of capital)

	Column 1	Column 2	Column 3
0	Shareholders Equity	382,159,000	(81% of capital)

TEN Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held

1 Upvote

0 Great analysis

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Ann: Report to Creditors ASX Code TEN, page-5

Top Stories

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Scientific conference spotlights PYC's work on blindness disease treatment

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Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

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