ARN seeking review of Takeovers ruling it bought SCA shares in ‘unacceptable circumstances’

NEIL GRIFFITHS

November 28, 2023 8:02

ARN Media is pushing back on a ruling that said it acted in “unacceptable circumstances” when purchasing Southern Cross Austereo shares.

The Takeovers Panel made its decision last week in regards to a move made by ARN in June. At the time, ARN bought 14.8 per cent shares in SCA via fund manager, Allan Gray.

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Topics

Allan Gray ARN SCA Takeovers Panel

1 COMMENTS

Pete 28 Nov 23

You’d imagine there’d be some introspection in the boardroom at the moment, this from the Takeovers Panel and being found in breach of ASX rules around the Kyle & Jackie O announcement. Are the Is being dotted and Ts crossed?

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