Fairfax and NZME to hash out new merger terms

Original article by Max Mason
The Australian Financial Review – Page: 18 : 7-Mar-18

Fairfax Media hopes to successfully challenge the New Zealand Commerce Commission’s decision to block the proposed merger of its NZ business with NZME. The two companies will appeal against a court ruling which upheld the Commerce Commission’s May 2017 decision to block the deal on competition grounds. However, Fairfax and NZME have terminated a September 2016 merger implementation agreement, and they will negotiate a new deal if their appeal succeeds.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, STUFF LIMITED, NZME LIMITED – ASX NZM, NEW ZEALAND. COMMERCE COMMISSION, HIGH COURT OF NEW ZEALAND

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