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
$1.80 |
Change
0.030(1.69%) |
Mkt cap ! $969.8M | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.81 | $1.77 | $922.8K | 515.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 15293 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 22549 | 35 |
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| Last trade - 15.01pm 30/07/2025 (20 minute delay) ? |
| OML (ASX) Chart |