Original article by Lilly Vitorovich
The Australian – Page: 17 & 20 : 11-Dec-19
Australian Community Media’s Antony Catalano says he is not working with WIN Corporation owner Bruce Gordon to block Seven West Media’s takeover bid for Prime Media Group. Their combined stake in Prime is sufficient to prevent Seven from reaching the 75 per cent acceptances threshold to complete the deal. Catalano says that himself and Gordon seem to be of the shared view that the Seven offer does not represent good value for Prime’s shareholders. Both have stressed the need for further changes to Australia’s media ownership laws.
SEVEN WEST MEDIA LIMITED – ASX SWM, PRIME MEDIA GROUP LIMITED – ASX PRT, AUSTRALIAN COMMUNITY MEDIA, WIN CORPORATION PTY LTD