TEN 0.00% 16.0¢ ten network holdings limited

News: TEN Ten Network updates on agreement related to its voluntary administration

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    Oct 10 (Reuters) - Ten Network Holdings Ltd (TEN) :

    • Refers to announcements regarding Deed of Company Arrangement (DOCA) entered into by co and CBS International Television Australia
    • Condition to completion of DOCA is deed administrators obtain court order to transfer all shares in co to CBS for nil consideration
    • Deed administrators have now applied for DOCA-related order in the Supreme Court of New South Wales
    • Independent Expert's Report prepared by KPMG Corporate Finance values equity in Ten Network as having nil value
 
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