Southern Cross Austereo trades Grant Samuel for UBS amid takeover
Sources said UBS has taken the reins as pressure mounts on the SCA board to engage with ARN Media and Anchorage Capital Partners.
Source: afr.com
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Historic day for Movie World owner Village Roadshow
Business by Alister Thomson Premium Content Subscriber only SHARES in Gold Coast theme parks owner Village Roadshow will be suspended from trading by the end of the day following Federal Court approval for its takeover by BGH Capital. The move caps off a rollercoaster ride for shareholders that started in December last year when private equity house Pacific Equity Partners put forward a proposal to buy the Movie World owner for $3.90 a share. BGH chipped in with its own offer of $4 per share in January - valuing Village at $780 million - but that was late...
Source: byronnews.com.au