Seven West Jumps as RBS Says Stokes May Try Buyout

Seven West Jumps as RBS Says Stokes May Try Buyout

Brendon Thorne/Bloomberg

A pedestrian walks past a news ticker displayed outside the Seven Network television studio, a unit of Seven West Media Ltd., in Sydney, Australia, on Thursday, July 19, 2012. Seven West has tumbled so much that Stokes’s Seven Group Holdings Ltd., with a 33 percent stake, and buyout firm KKR & Co., with 12 percent, may make an “opportunistic” A$825 million ($839 million) bid for the remaining shares, RBS said in an Oct. 5 report.