It can't be privatised by the parties who already own shares... I've already said this. Are you familar with the media ownership laws? If it were possible it would have been done already. This basically means there won't be a CR unless another partner is likely to be brought in. Gordon owns the max he can at 15%, while I suppose Murdoch (under Illyria) could at 7.59%. We haven't heard from Gina either, who has 8.42%.
I said this from the very start this is gamesmanship to try and force the government into hurrying the media ownership laws.. But until then, except some exotic debt structure.. Hence why Fort street have been bought in...
Fort Street Advisers is an independent corporate advisory business operating in Australasia. Our team comprises former investment banking and private equity senior executives with expertise accumulated through leading a large volume of transactions through varied markets. We specialise in providing consistent and honest advice on:
mergers, acquisitions and divestments
equity, hybrid and debt raising
business strategy and restructuring
capital management and debt restructuring
TEN Price at posting:
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