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Shares higher as Nine announces a deal: Afternoon market insights

Embattled Nine Entertainment Company announced it had reached a deal with its creditors as the market neared the close, with CEO David Gyngell announcing the company is now debt-free. The ASX200 rose 0.96% today to 4534.4, while the broader All Ordinaries index added 0.94% to 4556.4. The Australian dollar is higher today, buying $US1.03065.
Myriam Robin
Myriam Robin
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Embattled Nine Entertainment Company announced it had reached a deal with its creditors as the market neared the close, with CEO David Gyngell announcing the company is now debt-free.

The ASX200 rose 0.96% today to 4534.4, while the broader All Ordinaries index added 0.94% to 4556.4.

The Australian dollar is higher today, buying $US1.03065.

About the author

Myriam Robin

Myriam Robin is a reporter for SmartCompany and its sister site LeadingCompany. She has degrees in economics, international studies and journalism. She likes writing about businesses taking risks and doing new things.

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