The actual FXJ announcement confirms that the regulator still needs to approve the merger. From an outsider's perspective approval does not seem very certain. NZ is a small market and competition concerns would seem legitimate. Regulator has already delayed a decision until March 2017 so it doesn't intend to wave this through.
If I worked in the industry in NZ I would be very wary of the famous FXJ approach to managing the slow decline modern journalism.
And I say that as a shareholder who wants FXJ to do well for my own selfish reasons.
FXJ Price at posting:
97.5¢ Sentiment: Hold Disclosure: Held
