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oOh!media Rejects Takeover Proposals
13 May 2026
oOh!media has confirmed it has received an unsolicited, conditional non-binding indicative proposal from I Squared Capital (ISQ) to acquire 100 per cent of the company’s issued share capital for A$1.45 per share by way of a scheme of arrangement.
The proposal follows an earlier unsolicited, conditional non-binding indicative proposal from Pacific Equity Partners (PEP) to acquire 100 per cent of oOh!media for A$1.40 per share, announced on 29 April 2026.
According to the company’s ASX release, the oOh!media Board considered both proposals with its advisers and unanimously determined that neither proposal adequately reflects the intrinsic value of the company.
The Board stated it does not intend to recommend to shareholders any formal binding offer at or below the value of the current indicative proposals.
However, oOh!media said it is prepared to provide both PEP and ISQ with access to a limited amount of due diligence information, subject to satisfactory non-disclosure agreements, to allow each party to assess whether a revised proposal may be submitted.
The company also stated it is engaging with certain other parties and may potentially receive additional change of control proposals.
oOh!media noted there is no certainty that either current proposal will result in a revised offer, or that any proposal received would be recommended by the Board.
The company also announced it has paused its on-market share buyback program.
