July 26 (Reuters) - Television broadcaster Nine Entertainment Co Holdings Ltd (NEC) said on Thursday that it had entered a scheme implementation agreement to acquire newspaper publisher Fairfax Media Ltd (FXJ) for A$2.16 billion ($1.61 billion).
Under the offer, Fairfax shareholders will receive 0.3627 Nine shares and A$0.025 in cash for each Fairfax share, the companies said in a joint announcement.
Nine shareholders will own 51.1 percent of the combined entity, while Fairfax shareholders will own the remaining 48.9 percent.
($1 = 1.3428 Australian dollars)
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- News: NEC Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln
News: NEC Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln
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Last
$1.26 |
Change
-0.010(0.79%) |
Mkt cap ! $1.958B |
Open | High | Low | Value | Volume |
$1.27 | $1.28 | $1.25 | $3.007M | 2.384M |
Buyers (Bids)
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4 | 65277 | $1.25 |
Sellers (Offers)
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$1.26 | 77152 | 8 |
View Market Depth
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2 | 58112 | 1.675 |
7 | 385906 | 1.670 |
9 | 682264 | 1.665 |
11 | 514339 | 1.660 |
3 | 92052 | 1.655 |
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1.685 | 603176 | 14 |
1.690 | 158294 | 11 |
1.695 | 146441 | 3 |
1.700 | 210874 | 12 |
1.705 | 111474 | 5 |
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