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Creditors of Australia's Ten Network vote in favour of CBS bid
September 19, 2017 / 2:17 AM / 3 months ago

Creditors of Australia's Ten Network vote in favour of CBS bid

SYDNEY, Sept 19 (Reuters) - Creditors of Australian broadcaster Ten Network Holdings Ltd voted in favour of a takeover bid from CBS Corp on Tuesday, a spokesman for Ten’s administrator said.

CBS won support from creditors both in value terms and by number, said Michael Smith, a spokesman for administrators KordaMentha. (Reporting by Byron Kaye; Editing by Stephen Coates)

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