Company briefs
Southern Cross Media has started sending its bidder’s statement to shareholders of Austereo Group,
Southern Cross Media has started sending its bidder’s statement to shareholders of Austereo Group, who have until April 6 to accept or reject its offer of $2 or 0.95 Southern Cross shares for every Austereo share, plus the latter’s 5¢ a share interim dividend and another 10¢ a share if it reached the 90 per cent compulsory acquisition threshold. Neil Shoebridge
DUET Group subsidiary Duquesne Light was given final approval for an increase in regulated distribution revenues. Rate increases will begin on April 21. DUET is still waiting for final approvals of its deal to sell its stake in Duquesne. `
Jackie Range
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