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

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

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SYDNEY (Reuters) – Creditors of Australian broadcaster Ten Network Holdings Ltd <TEN.AX> voted in favour 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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