Sky TV’s smaller shareholders aggrieved by share consolidation
Media company to return $70m to investors, raise dividend range, and launch buyback.
Sky’s suite of products includes SkyGo for mobile users.
Some smaller Sky Network Television shareholders are unhappy with the company’s plan to return $70 million in surplus capital via a six-to-one share consolidation at a price of just $2.40 per share.
The compensation for the cancelled shares is above the current market share price of $2.25, but
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