NZME declines Adshel NZ buyout option, makes new merger submission

Sun, 27 Nov 2016

By Pattrick Smellie Nov. 28 (BusinessDesk) - Auckland-based publisher NZME has turned down an option to buy the New Zealand arm of Australasian bus shelter advertising business Adshel. In a statement to the NZX this morning, NZME also confirmed it had made a new joint submission to the Commerce Commission with Fairfax NZ, arguing again the case for the proposed merger between the two news publishers, which the commission has provisionally declined. The submission, which is expected to become public in the next day or so on the commissi...

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