oOh!media says certain rival bids must beat the I Squared offer by at least 3% to qualify as a superior proposal (Law360)
Outdoor advertising firm oOh!media updated the rules for rival takeover bids after discussions with the Australian Securities and Investments Commission (ASIC).Takeover Agreement DetailsThe Buyer: US private equity firm I Squared Capital agreed to buy the company.The Price: The deal offers $1.70 per share in cash.Total Value: The takeover values the company at nearly $900 million.Rule Changes for Rival BidsSuperior Proposal Definition: oOh!media changed how rival offers are judged to follow regulatory rules.The 3% Threshold: Certain competing bidders must beat the I Squared offer by at least 3% to qualify as a superior proposal. […]
Mon, Aug 31 at 11:22 PM






