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Australia: Fairfax shareholders vote in favor of Nine merger

By  |  November 19, 2018

Fairfax Media shareholders have overwhelmingly voted in favor of a takeover from Nine Entertainment with 81.49% of shareholders approving plans for the two companies to merge by the end of the year in an historic deal.

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    Former Domain CEO Antony Catalano could look to block the deal in court, having asked Fairfax to delay the shareholder vote on Sunday evening, November 18, after a dramatic eleventh-hour offer to buy up to 19.9% of the newspaper publisher’s shares and sell off non-core assets.

    Fairfax shareholders are able to attend court on November 27 to oppose the approval of the scheme. Mr Catalano holds about 1% of Fairfax and Domain shares.

    Full Content: News Castle Star
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