ARN ‘still considering options’ for SCA takeover

ARN has posted a short update to investors, saying it “is still considering options in relation to alternative proposals to acquire SCA”.

This comes after SCA knocked back the latest iteration of ARN’s revised takeover bid last week, made after Anchorage pulled out of then long-standing bid.

Under a revised offer, ARN would acquire the same radio assets as before, plus assume 100% ownership of the combined digital audio assets of ARN and SCA.