NZME / Stuff MIA Termination

6 March 2018: 

Fairfax Media Limited [ASX:FXJ] (“Fairfax” or “Company”) today announced that the merger implementation agreement (MIA) (as detailed in the company’s ASX announcement of 7 September 2016) to effect the proposed merger of Stuff Limited (“Stuff”) (previously Fairfax New Zealand Limited) and NZME Limited [NZX:NZM, ASX:NZM] (“NZME”) has terminated. 

The parties are continuing to pursue their appeal of the New Zealand High Court decision upholding the New Zealand Commerce Commission’s (“NZCC”) decision not to clear or authorise the merger and will re-engage on potential transaction terms pending the outcome of the appeal.