oOh!media Responds to Media Speculation on Potential Change of Control
Key points
- oOh!media confirms engagement with multiple parties for a potential change of control transaction
- Received conditional offers from Bain Capital and other financial sponsors
- Company will not comment further on press speculation
- Commitment to update the market as per continuous disclosure obligations
Full summary
oOh!media Limited (ASX: OML) has responded to media speculation regarding potential interest from third parties in a change of control transaction. The company, which is already in discussions with Pacific Equity Partners and I Squared Capital, has also received conditional non-binding indicative offers from Bain Capital and other financial sponsors. oOh!media emphasizes that it does not intend to comment further on press speculation and will continue to update the market in accordance with its continuous disclosure obligations.
Guidance
No specific financial metrics provided in the announcement.
Outlook
oOh!media will continue to evaluate proposals and update the market as necessary.
Summary generated by a large language model. Please interpret with care.