‘It ain’t over ‘til it’s over’: We could finally be getting to the pointy end of ARN’s SCA takeover bid
With Anchorage Capital Partners pulling out and now Southern Cross Austereo rejecting the latest proposal, we could finally be getting to the end of ARN’s takeover bid.
After Anchorage dropped out of the bid on Monday and SCA rejecting the latest offer on Wednesday, it has been speculated that the takeover proposal – which launched last October – could be dead in the water.
However on a new episode of the Mumbrellacast, Mumbrella publisher and former national director of operations and general manager of 2DayFM and Triple M Sydney and former Macquarie Media CEO, Adam Lang, said this could mean a conclusion is imminent.
“It ain’t over ‘til it’s over,” Lang said.
Just stop, it’s over
Don’t want to depress you “stop”.. but I think this is going to drag on.. and on.. and on…. Consolidation won’t stop because SCA don’t like this version of the offer.