A Swift French Invasion as APN Outdoor Falls for AUD 6.70 per Share
APN Outdoor's fate was effectively sealed when oOhmedia won over Adshel on June 25, 2018 with a knock-out AUD 570 million all-cash offer. It trumped APN's AUD 540 million cash-plus-scrip Adshel bid, one that was designed to secure APN's own independent future in the domestic outdoor advertising industry.To that end, we commend the board of APN for squeezing an extra AUD 0.18 per share on top of JCDecaux's initial cash bid for the group, bringing the final consideration to AUD 6.70 per share. We...
APN Outdoor Group Limited is an Australia-based provider of advertising services. The Company operates in the Out-of-Home advertising market segment. The Company supplies Out-of-Home media and advertising services at sites in Australia and New Zealand. It offers digital billboards, static roadside billboards, transit advertising, rail advertising and airport advertising. It has a geographically diversified outdoor advertising network, which operates in New South Wales, Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, Tasmania and New Zealand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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