Seven West Media Scheme With Southern Cross Media Now Legally Effective

MT Newswires Live2025-12-24

Seven West Media (ASX:SWM) has lodged the Supreme Court orders with the Australian Securities and Investments Commission (ASIC), making the proposed acquisition by Southern Cross Media Group (ASX:SXL) legally effective, according to a Wednesday Australian bourse filing.

The Supreme Court of New South Wales had approved the scheme on Tuesday, under which Southern Cross Media Group will acquire all shares of the company, pending lodgment with ASIC, per the filing.

The company's shares are anticipated to be suspended from trading on the Australian Securities Exchange after the close of trading on Wednesday, the filing said.

The company's shareholders will receive 0.1552 Southern Cross shares for each share they hold on Dec. 30, with the implementation date expected to be Jan. 7, 2026, the filing added.

Shares of Seven West Media rose 4% while shares of Southern Cross Media Group rose 1% in recent Wednesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2593080442?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-24 09:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2593080442","market":"sh","top_or_hot":-1,"title":"Seven West Media Scheme With Southern Cross Media Now Legally Effective","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/SWM.AU\">Seven West Media</a> (ASX:SWM) has lodged the Supreme Court orders with the Australian Securities and Investments Commission (ASIC), making the proposed acquisition by <a href=\"https://laohu8.com/S/SXL.AU\">Southern Cross Media</a> Group (ASX:SXL) legally effective, according to a Wednesday Australian bourse filing.</p><p>The Supreme Court of New South Wales had approved the scheme on Tuesday, under which Southern Cross Media Group will acquire all shares of the company, pending lodgment with ASIC, per the filing.</p><p>The company's shares are anticipated to be suspended from trading on the Australian Securities Exchange after the close of trading on Wednesday, the filing said.</p><p>The company's shareholders will receive 0.1552 Southern Cross shares for each share they hold on Dec. 30, with the implementation date expected to be Jan. 7, 2026, the filing added.</p><p>Shares of <a href=\"https://laohu8.com/S/WANHY\">Seven West</a> Media rose 4% while shares of Southern Cross Media Group rose 1% in recent Wednesday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seven West Media Scheme With Southern Cross Media Now Legally Effective</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeven West Media Scheme With Southern Cross Media Now Legally Effective\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-24 09:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/SWM.AU\">Seven West Media</a> (ASX:SWM) has lodged the Supreme Court orders with the Australian Securities and Investments Commission (ASIC), making the proposed acquisition by <a href=\"https://laohu8.com/S/SXL.AU\">Southern Cross Media</a> Group (ASX:SXL) legally effective, according to a Wednesday Australian bourse filing.</p><p>The Supreme Court of New South Wales had approved the scheme on Tuesday, under which Southern Cross Media Group will acquire all shares of the company, pending lodgment with ASIC, per the filing.</p><p>The company's shares are anticipated to be suspended from trading on the Australian Securities Exchange after the close of trading on Wednesday, the filing said.</p><p>The company's shareholders will receive 0.1552 Southern Cross shares for each share they hold on Dec. 30, with the implementation date expected to be Jan. 7, 2026, the filing added.</p><p>Shares of <a href=\"https://laohu8.com/S/WANHY\">Seven West</a> Media rose 4% while shares of Southern Cross Media Group rose 1% in recent Wednesday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2593080442","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593080442","pubTimestamp":1766539651,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Seven West Media  has lodged the Supreme Court orders with the Australian Securities and Investments Commission , making the proposed acquisition by Southern Cross Media Group  legally effective, according to a Wednesday Australian bourse filing.The Supreme Court of New South Wales had approved the scheme on Tuesday, under which Southern Cross Media Group will acquire all shares of the company, pending lodgment with ASIC, per the filing.The company's shares are anticipated to be suspended from trading on the Australian Securities Exchange after the close of trading on Wednesday, the filing said.The company's shareholders will receive 0.1552 Southern Cross shares for each share they hold on Dec. 30, with the implementation date expected to be Jan. 7, 2026, the filing added.Shares of Seven West Media rose 4% while shares of Southern Cross Media Group rose 1% in recent Wednesday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","SWM.AU":"SEVEN WEST MEDIA LTD","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU2384288077.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A-INS\" (EUR) ACC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","BK7052":"广播","IE00BMG7P926.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Acc USD","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","SXL.AU":"SOUTHERN CROSS MEDIA GROUP L","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","IE00BMG7P694.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis USD Plus","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","BK4585":"ETF&股票定投概念","SO":"美国南方公司","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","ASIC":"Ategrity Specialty Holdings","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","BK4107":"财产与意外伤害保险","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU1732800096.USD":"摩根大通环球收益基金A (irc)","IE00BMG7P819.SGD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis SGD-H Plus","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","BK4081":"电力公用事业"},"translate_title":"Seven West Media与Southern Cross Media的计划现已具有法律效力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SXL.AU":1,"SWM.AU":1,"SO":1.5,"ASIC":1},"content_text":"Seven West Media (ASX:SWM) has lodged the Supreme Court orders with the Australian Securities and Investments Commission (ASIC), making the proposed acquisition by Southern Cross Media Group (ASX:SXL) legally effective, according to a Wednesday Australian bourse filing.The Supreme Court of New South Wales had approved the scheme on Tuesday, under which Southern Cross Media Group will acquire all shares of the company, pending lodgment with ASIC, per the filing.The company's shares are anticipated to be suspended from trading on the Australian Securities Exchange after the close of trading on Wednesday, the filing said.The company's shareholders will receive 0.1552 Southern Cross shares for each share they hold on Dec. 30, with the implementation date expected to be Jan. 7, 2026, the filing added.Shares of Seven West Media rose 4% while shares of Southern Cross Media Group rose 1% in recent Wednesday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2593080442","isCrawlerRequest":true}