HT&E rejects Ooh Media bid to buy Adshel
Here, There & Everywhere has told the market it has received an offer from Ooh Media to buy its outdoor operation Adshel, but has rejected the bid because it was too low. The amount on the table was not disclosed.
The announcement, made to the ASX this afternoon, fires the starting pistol on a widely anticipated round of consolidation in the outdoor industry.
Ooh wants to get its hands on Adshel
113m in profit? Surely not.
Ooh Media are so bloody greedy!
It’s not enough that they have almost monopolized the large format (APN who?) and shopping screen market but now they want street furniture as well.
JCDecaux (with global support) need to man up and make that same offer – “we are street furniture”, etc
McIntyre Out!
Mumbrella understands this comment has not originated from MCN’s editor-at-large Paul McIntyre
It’s called good business, [edited].
oOh! have every right to ‘monopolize’ their portion of the industry.
Hi Gorak,
I have edited your comment as you appeared to be directly addressing Paul McIntyre, editor-at-large at MCN.
Despite the alias of ‘McIntyre’, I can confirm this comment did not come from Paul.
Thanks,
Vivienne – Mumbrella