ARN continues takeover drive; SCA pumps the brakes: ‘There is no certainty that a transaction will eventuate’
A market update from ARN on its proposed takeover of SCA, and a follow up announcement from Southern Cross, have dashed hopes the deal would be agreed upon before the end of the calendar year.
Australia Radio Network made the offer to acquire 100% of Southern Cross Media Group in mid-October, with hopes of getting the deal across the line by the end of 2023.
