HT&E appoints advisers, open to 'compelling offers'

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Having sold its newspapers and knocked back oOh!media's offer for Adshel, HT&E has hinted that everything is for sale at the right price.

In a statement headed 'Response to media speculation', the company formerly known as APN News & Media said it had appointed advisers, and was "willing to engage on any proposal that offers compelling value for shareholders".

It says it holds a number of highly attractive media assets, including radio and outdoor, adding that Adshel is "a very valuable asset - both to other parties and as part of the HT&E Group".

But no, the company would not be entering into a trading halt, and no, it was "not aware of any discussions regarding a takeover bid for all of HT&E".

It said that "after a number of years of transformation", its focus was on operating the company and driving synergy benefits between the divisions.

Headed by News Corp Australia executive chairman Michael Miller until June 2015, APN News and Media sold its Australian regional media business to News for a knock-down $36.6 million the following year. And since last May, it's been Here There & Everywhere... What's left to say.

Peter Coleman

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