KEY POINTS:
HT Media, a subsidiary of Australian private equity investor Ironbridge Capital, has confirmed its takeover offer for CanWest MediaWorks (NZ) will close on Monday.
HT Media said today about 78.5 per cent of MediaWorks shareholders had now accepted its offer.
That includes the 70 per cent stake in MediaWorks owned by CanWest's Canadian parent.
HT Media said it confirmed its offer for all the shares and options in MediaWorks would close at 5pm on Monday and would not be extended.
The offer is for $2.33 a share, adjusted from an initial $2.43 to take account of the payment of a special 10c dividend .
CanWest owns and operates the TV3 and C4 television networks, along with several national radio brands.
- NZPA
