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NZME LIMITED — M&A Activity 2018
Mar 5, 2018
65471_rns_2018-03-05_4e293184-0ae3-416e-af4e-3f78a886e6a8.pdf
M&A Activity
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NZME / Stuff MIA Termination
Sydney, 6 March 2018: Fairfax Media Limited [ASX:FXJ] (“ Fairfax ” or “ Company ”) today announced that the merger implementation agreement (MIA) (as detailed in the company’s ASX announcement of 7 September 2016) to effect the proposed merger of Stuff Limited (“ Stuff ”) (previously Fairfax New Zealand Limited) and NZME Limited [NZX:NZM, ASX:NZM] (“ NZME ”) has terminated.
The parties are continuing to pursue their appeal of the New Zealand High Court decision upholding the New Zealand Commerce Commission’s (“ NZCC ”) decision not to clear or authorise the merger and will re-engage on potential transaction terms pending the outcome of the appeal.
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Contact: Brad Hatch Director of Communications NZ: +64 27 453 7780 AU: +61 2 9282 2168 [email protected]
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