Anchorage Capital Partners’ exit from a deal with ARN Media to acquire its ASX-listed Southern Cross Austereo has the market alight with questions about what’s next for the $250 million deal. Here’s what Street Talk reckons could unfold in coming weeks.
Well-placed sources have told the column that a Plan B is in the works that looks similar to what Antony ‘The Cat’ Catalano proposed last year – namely to merge the television and radio group with Australian Community Media’s own publishing operations.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
