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BRIEF-NZME Ltd confirms it filed submission with New Zealand Commerce Commission

Published 28/11/2016, 07:13 am
© Reuters.  BRIEF-NZME Ltd confirms it filed submission with New Zealand Commerce Commission

Nov 28 (Reuters) - NZME Ltd NZM.NZ :

* NZME Ltd confirms that it has filed a submission with New Zealand Commerce Commission

* Submission in response to issues raised in NZCC's draft determination on proposed merger between NZME and New Zealand subsidiary of Fairfax Media

* Determined that it will defer seeking NZME shareholder approval for proposed merger until after NZCC's final determination is released

* Submission is a joint submission with Fairfax New Zealand

* Submission explains why parties believe that nzcc has failed to properly take into account diversity of opinions

* At time of NZME's demerger from APN News & Media, APN granted NZME option to acquire NZ business of Adshel from APN; NZME chose not to exercise option Source text for Eikon: ID:nNZW8kJXHB Further company coverage: NZM.NZ

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