ARN Media Limited (ASX: $A1N) update on SCA acquisition proposal

ARN Media Limited (ASX: $A1N) is considering alternative proposals for the acquisition of Southern Cross Media Group Limited (SCA) following SCA's response declining further engagement on the previously proposed Alternative Indicative Proposal. ARN will continue to evaluate its options and will provide updates to the market on any significant developments.

Executive Commentary on SCA Acquisition Proposal

ARN Media Limited is committed to exploring all available options for the acquisition of SCA. We respect SCA's decision and will continue to engage in a constructive manner. Our priority remains the best interests of our shareholders, and we will ensure transparency and timely updates to the market as we progress with our evaluation of alternative proposals.

Summary of ARN Media Limited's Update on SCA Acquisition Proposal

ARN Media Limited (ASX: $A1N) has confirmed its ongoing consideration of alternative proposals for the acquisition of Southern Cross Media Group Limited (SCA) following SCA's response declining further engagement on the previously proposed Alternative Indicative Proposal. The company remains committed to exploring various options and will provide updates to the market on any significant developments. ARN emphasizes its dedication to acting in the best interests of its shareholders and pledges transparency and timely communication as it progresses with the evaluation of alternative proposals.