APO apn outdoor group limited
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News: APO Australia's APN Outdoor sweetens bid for Adshel buy

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    22/06/18
    08:40
    Post #: 33874059

    June 22 (Reuters) - APN Outdoor Group (APO) said on Friday it submitted a revised proposal to buy HT&E Ltd's (HT1) Adshel businesses in Australia and New Zealand for a purchase price of A$540 million ($398.20 million).

    The revised bid is at a 8 percent premium to the APN's original A$500 million offer for Adshel and comes after it received a A$1.09 billion takeover offer from French outdoor advertising company JCDecaux JCDX.PA on Thursday.

    ($1 = 1.3561 Australian dollars)

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