On the 13th July 2026, oOh!Media Ltd (OML AU), Australia’s No.1 player in outdoor advertising, announced three NBIOs (I-Squared, Pacific Equity Partners (PEP), and Oaktree), and due diligence was afforded.
On 10 August 2026, OML and I-Squared announced a Scheme Implementation Deed under which I-Squared would acquire OML for A$1.70/share in cash. Reportedly, neither PEP nor Oaktree lodged final bids
The Scheme Booklet is now out, with a 2nd November Scheme Meeting, and expected implementation on the 26th November. The IE (Grant Samuel) concluded “ fair and reasonable“. Clean deal
The Trade:
Trading super tight at 0.9%/5.9%, gross/annualised.
Unless already in and/or can take advantage of the franking credits, I’d be looking elsewhere.
FWIW - in OOh!Media (OML AU): PEP’s Opportunistic Tilt, I was a buyer at A$1.20/share.