News: APO Australia's APN Outdoor says bids $379 mln including debt for HT&E's Adshel

May 22 (Reuters) - Australia's APN Outdoor Group Ltd (APO) confirmed on Tuesday it had submitted a bid to buy HT&E's (HT1) outdoor advertising unit, Adshel, for an enterprise value of A$500 million ($379.05 million).

APN’s proposal comes after HT&E said on Monday oOh!media's (OML) A$470 million offer was not the “most attractive”.

APN said it hasn't reached an agreement for the proposed acquisition. ($1 = 1.3191 Australian dollars)