Fox to delist from ASX

21st Century Fox has announced plans to delist from the ASX, remaining only on the Nasdaq exchange in the US, as part of its “ongoing agenda to simplify the operating and capital structure of [the] company”, in the words of Chairman Rupert Murdoch. The proposal will need to be approved by a shareholder meeting, expected in March/April, but that’s a given due to Murdoch’s 39% voting stake and the large North American ownership. The delisting is expected to follow in April/May. There will be a facility through which holders of the ASX-listed shares (‘CDIs’) can convert them into the...

21st Century Fox has announced plans to delist from the ASX, remaining only on the Nasdaq exchange in the US, as part of its “ongoing agenda to simplify the operating and capital structure of [the] company”, in the words of Chairman Rupert Murdoch.

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