Key facts
- I Squared Capital has agreed to acquire oOh!media.
- The acquisition price is A$1.04 billion, including debt.
- oOh!media shareholders will receive A$1.70 per share in cash.
- The offer represents a significant premium over previous offers.
- The offer represents a significant premium over oOh!media's closing price.
Infrastructure investor I Squared Capital has reached an agreement to acquire the Australian outdoor advertising firm oOh!media. The total transaction value stands at A$1.04 billion, which includes the assumption of debt. As part of the agreement, oOh!media shareholders will receive a cash payment of A$1.70 per share. This offer represents a significant premium compared to earlier proposals and the company's most recent closing stock price. The acquisition is expected to be a strategic expansion for I Squared Capital into the Australian media and advertising sector, leveraging oOh!media's existing assets and market position.