ARN Media and Anchorage Capital propose acquisition of Southern Cross Media
SYDNEY: ARN Media Limited (ASX: A1N) and Anchorage Capital Partners Pty Limited, collectively known as the Consortium, have made a non-binding indicative offer to acquire all shares of Southern Cross Media Group Limited (ASX: SXL), commonly referred to as SCA. The offer, dated October 18, 2023, suggests a mix of stock and cash consideration that…