Seven West Media (ASX:SWM) has lodged the Supreme Court orders with the Australian Securities and Investments Commission (ASIC), making the proposed acquisition by Southern Cross Media Group (ASX:SXL) legally effective, according to a Wednesday Australian bourse filing.

The Supreme Court of New South Wales had approved the scheme on Tuesday, under which Southern Cross Media Group will acquire all shares of the company, pending lodgment with ASIC, per the filing.

The company's shares are anticipated to be suspended from trading on the Australian Securities Exchange after the close of trading on Wednesday, the filing said.

The company's shareholders will receive 0.1552 Southern Cross shares for each share they hold on Dec. 30, with the implementation date expected to be Jan. 7, 2026, the filing added.

Shares of Seven West Media rose 4% while shares of Southern Cross Media Group rose 1% in recent Wednesday trade.