SGH Shares Inch Up After Seven West Media-South Cross Merger Announcement

MT Newswires Live

2025/09/30

Shares of SGH (ASX:SGH) inched up in recent trading on Tuesday after Seven West Media (ASX:SWM) agreed to merge with Southern Cross Media Group (ASX:SXL) via a scheme of arrangement in an all-stock deal.

Under the deal, Seven West's shareholders will receive 0.1552 Southern Cross shares for every share held.

SGH holds a 40.2% interest in Seven West Media.

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