June 22 (Reuters) - Apn Outdoor Group Ltd (APO) :
- PROPOSAL TO ACQUIRE ADSHEL,HT1
- DEAL FOR $540 MILLION
- SUBMITTED A REVISED PROPOSAL TO ACQUIRE 100% OF ADSHEL BUSINESSES
- REVISED PROPOSAL SUBMITTED TO ACQUIRE 100% OF ADSHEL BUSINESSES IN AUSTRALIA AND NEW ZEALAND, FROM HT&E LIMITED
- EXPECTED PRE-TAX COST SYNERGIES OF NOT LESS THAN $15 MILLION PER ANNUM
- APN OUTDOOR UNDERLYING FY18 EBITDA GUIDANCE OF BETWEEN $92 MILLION AND $96 MILLION RE- AFFIRMED
- ONE-OFF INTEGRATION COSTS TO ACHIEVE SYNERGIES ARE EXPECTED TO BE APPROXIMATELY $12.5 MILLION
- CADENCE ADVISORY AND MORGAN STANLEY ARE ACTING AS FINANCIAL ADVISERS AND ALLENS AS LEGAL ADVISER TO APN OUTDOOR
- APN OUTDOOR RE-AFFIRMS FY18 CAPEX IN RANGE OF $25 MILLION TO $30 MILLION
- GUIDANCE EXCLUDES IMPACT OF TRANSACTION
- CONTINUES TO TARGET A DIVIDEND PAYOUT RATIO OF 50% TO 65% OF ANNUAL NPATA
News: APO APN Outdoor Submitted Revised Proposal To Buy Adshel Businesses
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