May 11 (Reuters) - NZME Ltd NZM.NZ :
* WRITTEN TO GOVERNMENT SEEKING LEGISLATION AUTHORISING NZME TO BUY SHARES IN STUFF LTD BY MAY 31, 2020
* NZME IS NOT SEEKING FINANCIAL ASSISTANCE FROM GOVERNMENT TO SUPPORT PURCHASE OF STUFF
* TAKING STEPS TO ADVANCE OFFER TO BUY STUFF FROM FAIRFAX CORP, UNIT OF NINE ENTERTAINMENT FOR $1
* AIMING TO COMPLETE TRANSACTION BY MAY 31, WITH GOVERNMENT SUPPORT
* ACQUISITION OF STUFF WILL NOT SUBSTANTIALLY LESSEN COMPETITION IN ANY MARKET
* CONSIDERS ACQUISITION OF STUFF WILL NOT SUBSTANTIALLY LESSEN COMPETITION IN ANY MARKET