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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sky Network Television Limited | ASX:SKT | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.44% | 2.29 | 2.25 | 2.29 | 2.29 | 2.25 | 2.25 | 29,697 | 04:33:44 |
From Jun 2019 to Jun 2024
By Rebecca Howard
WELLINGTON--Sky Network Television Ltd (SKT.NZ) said Monday its major shareholder News Ltd., a unit of News Corp. (NWS, NWSA), will sell its 44% stake in the company to a broad range of institutional and retail investors.
A Sky Network Television spokeswoman confirmed the news but said no reason had been given. News Ltd. has appointed Deutsche Bank to underwrite and, together with Craigs Investment Partners, to manage, the sales of its shares, Sky Network Television said in a release to the New Zealand stock exchange.
Sky Network Television has been placed on a trading halt for up to two days for the transaction. Trading is expected to resume no later than Wednesday.
The shares closed at 5.17 New Zealand dollars (US$4.26) Friday.
News Corp. owns Dow Jones & Co., publisher of The Wall Street Journal and this newswire.
Write to Rebecca Howard at rebecca.howard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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