The Hunted Remains the Hunter as APN Outdoor Shells Out AUD 540 million
APN Outdoor's recommitted pursuit of Adshel is not a surprise. Having already expended much effort on the proposal to allow the new management to stamp its growth-oriented mark, the group was never going to give up on Adshel just because of an unexpected French interloper. Even the 8% lift in the consideration to AUD 540 million is not a surprise, given the ominous presence of oOhmedia readying to lob its own Adshel bid.APN's first detailed attempt to justify the acquisition is commendable, poi...
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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