Australia's oOh!media rises to near one-year high on $734 million I Squared buyout
10/08/2026 06:05
BUZZ-Australia's oOh!media rises to near one-year high on $734 million I Squared buyout ** Shares of Australia's oOh!media OML.AX rise as much as 4.9% to A$1.6675, hitting their highest level since early Sept 2025
** Shares mark their biggest intraday pct gain since June 15
** The advertising and marketing company enters into an agreement to be acquired by infrastructure investor I Squared Capital in an A$1.04 billion ($733.82 million) deal, including debt
** Says offer represents a 6.9% premium to company's last close on August 7
** Adds deal expected to complete in late November to early December 2026, if approved
** Nearly 60.1 million shares change hands, about 88.3x the 30-day average
** YTD, stock up 27.3%, including session's moves
($1 = 1.4172 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)