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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