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Creditors of Australia's Ten Network vote in favor of CBS bid
September 19, 2017 / 2:28 AM / in a month

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

SYDNEY (Reuters) - Creditors of Australian broadcaster Ten Network Holdings Ltd (TEN.AX) voted in favor of a takeover bid from CBS Corp (CBS.N) 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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