Court action looms after Fairfax shareholders vote for Nine merger

Original article by
The New Daily – Page: Online : 20-Nov-18

Former Domain CEO Anthony Catalano has indicated that he will challenge the Nine Entertainment Company-Fairfax Media merger in court after 81.49 per cent of Fairfax shareholders voted in favour of the deal. Catalano had failed in a bid to have the shareholder vote delayed for two weeks to allow the Fairfax board to consider his alternative proposal. The merger will reduce the number of major media companies in Australia from five to four.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, STAN ENTERTAINMENT PTY LTD, MACQUARIE MEDIA LIMITED – ASX MRN, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

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