ACCC Waves Foxtel Through to Ten Network's Henhouse; Now for the Money

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Event-Driven

When Foxtel announced its intention on 15 June 2015 to acquire a 14.2% stake in Ten Network, we expressed our reservations on whether the proposed deal will obtain regulatory blessing from the Australian Competition and Consumer Commission, or ACCC.Since then, shares in Ten Network have fallen by more than 30%, showing that investors may also share the same concern.The move by the ACCC today to invite more submissions, instead of announcing a formal decision, adds further uncertainty.Analyst: Brian HanFor report below the fold...

When Foxtel announced its intention on 15 June 2015 to acquire a 14.2% stake in Ten Network, we expressed our reservations on whether the proposed deal will obtain regulatory blessing from the Australian Competition and Consumer Commission, or ACCC.Since then, shares in Ten Network have fallen by more than 30%, showing that investors may also share the same concern.The move by the ACCC today to invite more submissions, instead of announcing a formal decision, adds further uncertainty.Analyst: Brian HanFor report below the fold...

Ten Network Holdings

ACCC in Catch-22 with Ten Network