News: APO APN Outdoor Group Receives JCDecaux Bid, Says Take No Action For Now

June 21 (Reuters) - Apn Outdoor Group Ltd (APO) :

• UNSOLICITED AND CONDITIONAL ACQUISITION PROPOSAL RECEIVED
• DEAL FOR $6.52 PER SHARE
• APO SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO JCD PROPOSAL AT THIS STAGE
• RECEIVED AN UNSOLICITED, NON-BINDING AND CONDITIONAL ACQUISITION PROPOSAL FROM JCDECAUX SA
• BOARD OF APO HAS COMMENCED AN ASSESSMENT OF JCD PROPOSAL
• CONTINUES TO ADVANCE ITS DUE DILIGENCE IN RELATION TO ADSHEL PROPOSAL
• CADENCE ADVISORY AND MORGAN STANLEY ARE ACTING AS JOINT FINANCIAL ADVISERS
• CONTINUES TO ADVANCE DUE DILIGENCE WITH VIEW TO AGREEING A TRANSACTION WITH HT&E LTD