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APN, Fairfax fast track NZ news retreat

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Original article by Jake Mitchell
The Australian – Page: 19 & 22 : 12-May-16

APN News & Media has confirmed plans to dual-list its NZME business on the New Zealand and Australian sharemarkets, as well as a $A182m rights issue. APN has also advised that it is holding talks with rival Fairfax Media regarding a merger between NZME and the latter’s own New Zealand business. They aim to complete any such merger by the end of 2016, although it may face opposition from the NZ Commerce Commission.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, NZME, FAIRFAX MEDIA LIMITED – ASX FXJ, NEW ZEALAND. COMMERCE COMMISSION, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, MACQUARIE SECURITIES PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, CREDIT SUISSE (AUSTRALIA) LIMITED, UBS HOLDINGS PTY LTD

APN is expected to demerge NZ business

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Original article by Jake Mitchell
The Australian – Page: 25 : 18-Apr-16

Australian-listed APN News & Media is believed to be planning to spin off its NZME division in New Zealand as a separately listed company. The group had been considering options such as an IPO or trade sale, but it is said to favour distributing shares in NZME to current stockholders. Andrew McLeod of Morgan Stanley values NZME at between $A134m and $A264m. APN first mooted selling or floating its New Zealand business in 2014.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, NZME, MORGAN STANLEY AUSTRALIA LIMITED, CREDIT SUISSE AG, FIRST NZ CAPITAL EQUITIES LIMITED, FORSYTH BARR LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, ALLAN GRAY AUSTRALIA PTY LTD