Stocks to Watch SEV

Media giant Seven Network Ltd. (SEV) is one of the stock picks for today and is one of the stocks to watch as it released scheme booklets for its proposed merger with WesTrac Holdings today.

Earlier today, a Federal Court judge read out parts of the booklet which SEV deemed “materially price sensitive”.

To comply with ASX listing rules, SEV had to divulge the scheme booklet to the market, which it did towards the end of today’s trading.

SEV entered into a trading halt once the material was released and resumed trading right at the end of the session.