INDEPENDENT NEWS

MediaWorks settlement postponed

Published: Mon 30 Sep 2013 09:46 AM
MediaWorks settlement postponed
30 September 2013
Brendon Gibson of financial advisory firm KordaMentha advises that the settlement of the sale of MediaWorks NZ Limited (in receivership) to MediaWorks Holdings Limited (MWHL) has been postponed.
“Settlement had originally been planned for 30 September.  However, a small number of complex commercial arrangements are still being negotiated with suppliers. This is not uncommon in a complex transaction of this nature, so this delay is unsurprising.
“The majority of conditions in the Sale and Purchase Agreement have now been satisfied.  We are very pleased with the progress being made and anticipate settlement will occur within weeks,” Mr Gibson said.
ENDS

Next in Business, Science, and Tech

General Practices Begin Issuing Clause 14 Notices In Relation To The NZNO Primary Practice Pay Equity Claim
By: Genpro
Global Screen Industry Unites For Streaming Platform Regulation And Intellectual Property Protections
By: SPADA
View as: DESKTOP | MOBILE © Scoop Media