Macquarie Media recommends shareholders accept Nine takeover bid
Macquarie Media has posted a Target’s Statement to the ASX recommending its shareholders accept the $1.46 per share off-market takeover bid made by Nine.
Nine currently holds a 54.5% majority share in the radio business, gained after the merger with Fairfax in December 2018, while former adman John Singleton owns 32.4% and investor Mark Carnegie 3.6%. The takeover bid puts Macquarie Media at an enterprise value of $275m.
Macquarie Media’s independent directors recommend its shareholders accept Nine’s off-market takeover bid
Only week or so ago Alan Jones told the media he didn’t care if advertisers vacated advertising on his show or indeed 2gb. Wow what a surprise now the chairman and Alan will personally go and meet clients for a tiny bit of lip service and sorry Alan sit in the corner you naughty man.
Give him weeks and he will let fly again on something that ticks his box. I think the words serial offender are apt description.
Well the share value is falling due to uncertainty in the advertising model. So they need to shore up the share price for the takeover bid. But Tate and AJ and co. are all already multi-millionaires and have maybe 10 years of life left tops! Why do they all still care so much about money at this point? Or is that why they are so rich in the first place?
NINE HAS ALLOWED IAN CHAPPELL AN PHIL GPULD TIO WORK FOR MACQUARIE SPORTS RADIO MRE SPORTS TALENT ORKING FOR MACQUARUE4 SPORTS RADIO CURRENTLY WORKNG AT NUNE I WOPUKD CNSIDER TAT TI HAPPEN RAY WARREN AMONGST THEM
Has there ever been a more accurate snapshot of your average Mumbrella comment than this?
I was also admiring this comment. From the depths of what fiendish mind did it spill?