Nine has warned the Macquarie Media share price could take a hit if its takeover offer is not accepted and no other bidder emerges.
In the Nine bidder's statement released to the market late on Friday afternoon, the media company outlined the reasons why Macquarie shareholders should take the $1.46 per share deal from Nine for the remaining 45.5 per cent of the company it does not already own.
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Max Mason covers insolvency, courts, regulation, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
