Nine Entertainment’s offer for the remaining shares in Macquarie Media has been deemed “fair and reasonable” to shareholders by independent expert PricewaterhouseCoopers.
A Macquarie Media company statement to the ASX says:
The Independent Directors of MRN unanimously recommend that, in the absence of a superior proposal and subject to the independent expert continuing to opine that the Offer is reasonable, you ACCEPT the Offer to purchase all of your MRN Shares for $1.46 cash per MRN Share.