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Australia: Fairfax shareholders vote in favor of Nine merger

 |  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.

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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