Ten resumes trading after Macquarie buy-out

Ten resumes trading after Macquarie buy-out

Ten Network (ASX:TEN) shares resumed trading on Friday after Canada’s CanWest completed the sale of its 50.06% stake in in the broadcaster for $680 million.

Ten shares closed on Friday at $1.39, a 1.8% increase over its closing price. But the stock has today dipped 2.5% to $1.35.

Macquarie Group (ASX:MQG) shares have today declined 0.93% to $56.06, but climbed in value by over a dollar on Wednesday following the announcement.

Meanwhile on the Toronto Stock Exchange, Canwest shares are trading at $0.20 after jumping nearly 75% as a result of the sale.

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Tags Mergers and acquisitionsbroadcastingTen Network

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