Independent News and Media announce acquisition 28/03/2008 - 10:32:33
Independent News & Media today announced that all the South African Regulatory approvals for INM’s acquisition of Clear Channel Outdoor’s 50% interest in Clear Channel Independent have been received and the acquisition has been finalised.
The consideration for this acquisition is being satisfied by the issue of 39 million ordinary shares in INM and an application has been made to both the Irish and London Stock Exchange for these shares to be admitted to trading.
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