The best outcome for TEN is to be taken over by CBS. It will have a very bright and promising future imo.
But thanks to the actions of the M&G we shareholders have lost out. I think the only reason they offered us 25% was to save their reputation moving forward after they'd initially screwed us.
Well done CBS, great buying, well played.
News: TEN Creditors of Australia's Ten Network vote in favour of CBS bid, page-11
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