WIN Corporation Ditches Attempt To Put Ten Takeover Bids To A Vote

WIN Corporation Ditches Attempt To Put Ten Takeover Bids To A Vote

WIN Corporation has given up on its attempt to try and have creditors of Network Ten vote on the joint bid by Bruce Gordon and Lachlan Murdoch against the one by CBS.

Representing WIN in court yesterday, Dr Andrew Bell SC tried to amend the company’s legal action against Ten administrator Korda Mentha so that the broadcaster’s creditors could vote on the two proposed takeover bids when they next meet on Tuesday 12 September, according to The Australian Financial Review.

However, WIN has abandoned its attempt to amend its case, as it was not willing to pay the price of having the current hearing adjourned.

WIN is now continuing its case against Korda Mentha, claiming that both of its reports to Ten creditors were missing vital information needed for them to make a proper decision on the sale of the broadcaster to CBS – namely the execution risk that the CBS deal carries.

 




Please login with linkedin to comment

Bruce Gordon CBS Lachlan Murdoch Ten WIN Corporation

Latest News

SBS Audio Campaign Tells The Stories Of New Australians, With Multilingual Content Offerings To Assist Migrants
  • Advertising
  • Campaigns

SBS Audio Campaign Tells The Stories Of New Australians, With Multilingual Content Offerings To Assist Migrants

SBS Audio has launched a new marketing campaign for its ‘Australia Explained’ service which supports new migrants to successfully navigate life in Australia and achieve a greater sense of belonging and social cohesion. SBS’s flagship service for new migrants, Australia explained, has launched a multi-platform marketing campaign that reaches into the heart of the migrant […]

Tracker App Launches, Promising Consumers A Read On Brand’s & Products Sustainability Chops
  • Advertising

Tracker App Launches, Promising Consumers A Read On Brand’s & Products Sustainability Chops

Shoppers can now get access to sustainability information at their fingertips through Tracker, a first-of-its-kind mobile app. The Tracker app centralises sustainability data into a single, easy-to-understand format, helping shoppers make informed choices about the brands and products they support. Shoppers can simply scan the barcode of their favourite supermarket, chemist or department store item […]