SYDNEY, May 19 (Reuters) - Australia's two biggest billboard companies on Friday called off a deal in which APN Outdoor Group Ltd (APO) would buy rival oOh!media Ltd (OML) for A$735 million ($544.93 million), after the antitrust regulator raised concerns.
The companies said in a statement that they disagreed with the view that a tie-up would harm competition but that regulatory invervention "represents an unacceptable risk to a successful merger".
($1 = 1.3488 Australian dollars)
Keyword OOH!MEDIA M&A/APN OUTDOOR GRP
News: Australian billboard firms scrap $545 mln takeover on regulator worries
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Last
$1.52 |
Change
-0.040(2.56%) |
Mkt cap ! $818.9M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.55 | $1.51 | $2.399M | 1.572M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12559 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 1998 | 1 |
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| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| OML (ASX) Chart |