FIRB tick for Ten takeover

Original article by Dana McCauley
The Australian – Page: 19 : 24-Oct-17

CBS Corporation’s acquisition of the Ten Network has cleared a key hurdle, with the Foreign Investment Review Board advising that it will not oppose the deal. The Supreme Court of New South Wales is scheduled to commence a hearing on the deal in late October, and small shareholders David Gubbay and Yunfeng Du are expected to challenge the transfer of Ten’s shares to CBS.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, CBS CORPORATION, SUPREME COURT OF NEW SOUTH WALES, KORDA MENTHA AND COLLEAGUES PTY LTD, KPMG AUSTRALIA PTY LTD, 21ST CENTURY FOX INCORPORATED

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