O'Reilly makes renewed bid for Australian group

Australian media conglomerate APN News & Media Ltd said today it had received a renewed takeover bid from a buyout consortium led by Irish billionaire Tony O’Reilly’s Independent News & Media.

The Australian media company, which publishes more than 100 daily and non-daily newspapers in Australia and New Zealand, confirmed to the Australian Stock Exchange that it had received a 6.05 Australian dollar (€3.75) a share offer from the consortium, which also includes private equity firms Providence Equity and Carlyle Group.