Australian-Media.com.au

Discussing the Australian Media since 2005

Australian-Media.com.au News

  • Seven increases its stake in WAN

    July 24 2008 11:23pm (UTC+8)  -  Article by Kevin

    IN BRIEF | The Seven Network has increased its investment in West Australian Newspaper Holdings Ltd, the publisher of The West Australian newspaper. Seven, the largest shareholder in WAN, has increased its holding to 22.3% - up 2.9% from its previous 19.4% holding.

    Seven boss Kerry Stokes failed to make corporate history in April when shareholders denied his attempt to dump the WAN board and gain two seats for himself and fellow director Peter Gammell.

    The network claimed it was seeking to "refresh the WAN Board to improve the performance of the company".

    WAN shares closed down 19c today to $9.11.

    Australian-Media.com.au

Bookmark and Share

Comments

All comments are property of the person who posted the message. Australian-Media.com.au does not vouch for or warrant the accuracy, completeness or usefulness of any message, and we are not responsible for the contents of any message.

  • Smacca
    July 24 2008
    11:33pm
    #1 of 2

    Hehe, "plan B" underway I see...

  • Kevin
    July 25 2008
    3:28pm
    #2 of 2

    Smacca said:
    Hehe, "plan B" underway I see...

    I'm not completely up with how the market works, but I believe he can slowly increase his holding once every 6 months without having to pay a premium to buy the company. I could be wrong though.


Lifeline

Lifeline

Latest News

  • Australian-Media.com.au says goodbye

    Australian-Media.com.au launched on February 12 2005 with the simple aim of discussing the Australian media - and for the past five years we have been doing exactly that.

    March 1 2010


Search


Sponsored Links