Original article by Bridget Carter, Lilly Vitorovich
The Australian – Page: 19 : 30-Oct-19
QMS Media’s board has recommended that shareholders accept a cash offer of $1.22 per share from Quadrant Private Equity, in the latest deal in Australia’s outdoor advertising sector. Meanwhile, Nine Entertainment Company has declined to comment on speculation that it could be interested in buying some of QMS’s assets in New Zealand, including radio stations and its outdoor advertising business. QMS has a 40 per cent stake in MediaWorks, which owns New Zealand TV stations such as TV3 and Bravo, and radio stations such as Magic and The Edge.
QMS MEDIA LIMITED – ASX QMS, QUADRANT PRIVATE EQUITY PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MEDIAWORKS (NZ) LIMITED, TV3 NETWORK LIMITED, BRAVO, MAGIC, THE EDGE, OAKTREE CAPITAL MANAGEMENT LLC, KKR AND COMPANY LP, FAIRFAX MEDIA LIMITED, NZME LIMITED – ASX NZM, STUFF LIMITED, JC DECAUX SA, APN OUTDOOR GROUP LIMITED, ADSHEL PTY LTD, HT&E LIMITED – ASX HT1