Fairfax’s Falloon keeps faith in Nine deal

Original article by Lilly Vitorovich
The Australian – Page: 19 : 16-Oct-18

Shares in Nine Entertainment Company fell 12.4 per cent to $1.84 on 12 October. Citigroup analysts say this has eliminated the merger premium for Fairfax shareholders, and they have questioned whether the deal will proceed under the agreed terms. However, Fairfax chairman Nick Falloon says the merger is still "compelling", while Fraser McLeish of MST Marquee believes that the merger is in the best interests of Fairfax shareholders.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, CITIGROUP PTY LTD, MST MARQUEE, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE

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