US infrastructure investor I Squared Capital has agreed to acquire Australian outdoor advertising company oOh!Media for AUD898m ($634m), bringing an end to a months-long auction that attracted interest from several major private equity firms, according to a report by Bloomberg.
Funds managed or advised by I Squared and its affiliates will acquire all outstanding shares for AUD1.70 in cash, according to the terms announced on Monday. The offer represents a 6.9% premium to oOh!Media’s closing shar...
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