Ooh!Media Ltd Receives FIRB Approval for Acquisition
Key points
- FIRB approval received for oOh!'s acquisition by BidCo
- Scheme remains subject to other conditions
- Approval from requisite majority of shareholders already obtained
Full summary
Ooh!Media Limited (ASX:OML) announced that the Foreign Investment Review Board (FIRB) has approved the proposed acquisition by OOH BidCo Pty. Ltd., owned by I Squared Capital. This approval satisfies a condition precedent for the scheme. The scheme is still pending court approval and other conditions. Shareholders have already approved the scheme.
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