Ooh!media accepts $1.04B takeover offer
- oOh!media entered into a binding scheme implementation agreement to be acquired by I Squared Capital for $1.04 billion in enterprise value.
- Shareholders are slated to receive total cash consideration of $1.70 per share, representing a 6.9% premium over the final closing price before the announcement.
- The board accepted the proposal following a comprehensive process to capture full network value and support future business growth.
oOh!media (ASX:OML) signed a binding agreement to be acquired by infrastructure investor I Squared Capital for a total enterprise value of $1.04 billion.
The transaction follows an initial non-binding proposal submitted by the buyer on 29 April 2026 at a lower price of $1.40 per share.
"After a comprehensive and competitive process, the Board is pleased to have reached a binding agreement with I Squared Capital, at an attractive price," said oOh!media Chair Philippa Kelly.
Under the terms of the agreement, shareholders will receive $1.70 cash per share, which includes an interim fully franked first-half 2026 dividend of 2 cents per share.
The transaction remains subject to customary regulatory approvals, court clearance, and a vote by oOh!media shareholders expected in late October.
Following the announcement, the oOh!media share price was up at $1.66.
The company operates an extensive out-of-home advertising network spanning digital and static roadside billboards, street furniture, and retail environments across Australia and New Zealand.
