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Nine Entertainment Co's offer for Fairfax Media is too low: Alex Waislitz

James Thomson
James ThomsonColumnist
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Fairfax shareholder Alex Waislitz says Nine Entertainment Co.'s offer for Fairfax Media is too low, and another bidder could emerge.

Nine's bid values Fairfax at 84.1¢ a share on current prices, but the share prices has traded below that level since the deal was announced last Thursday. Fairfax shares opened at 81¢ on Tuesday morning.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/business/media-and-marketing/nine-entertainment-cos-offer-for-fairfax-media-is-too-low-alex-waislitz-20180731-h13cul