Under-pressure HT&E rejects oOh!Media offer for Adshel

Original article by Dana McCauley, Bridget Carter, Scott Murdoch
The Australian – Page: 19 : 12-Apr-18

Australian-listed HT&E has advised that oOh!Media has made a non-binding and conditional offer for its Adshel outdoor advertising division. However, HT&E’s board has deemed that the offer undervalues Adshel. Meanwhile, the company has indicated that Adshel’s revenue for the March quarter was consistent with guidance issued in February. HT&E has forecast that EBITDA for 2018 will be within the range of $A113m to $A114m.

CORPORATES
HT&E LIMITED – ASX HT1, ADSHEL PTY LTD, OOH!MEDIA LIMITED – ASX OML, AUSTRALIAN RADIO NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

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