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Nine Bidder To Mandate the Acquisition of the Outstanding MML shares

1 min read | October 15, 2019 03:39 AM BST | By Team Kalkine Media
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Nine Entertainment Co. Holdings Limited (ASX: NEC) closes the Offer period on 14 October 2019 related to the acquisition of Macquarie Media Limited.

  • The Bidder of NEC has a relevant interest in 98.64% of MML shares.
  • The condition to the Offer remained satisfied as a result of which the contracts resulting from acceptances are now unconditional and accepting shareholders will receive payment for their shares in MML within 21 days in accordance with the Offer terms.
  • As a result of having a relevant interest in over 90% of MML shares, Nine Bidder will compulsorily acquire the outstanding shares in MML.

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