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FINWIRES

oOh!media Confirms Non-Binding Indicative Offer From Bain Capital

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oOh!media (ASX:OML) confirmed that it has received conditional non-binding indicative offers from Bain Capital and other financial sponsors, consistent with the terms of the I Squared Capital proposal, according to a Tuesday Australian bourse filing.

The company on May 11 said it received an unsolicited, non-binding takeover offer from I Squared Capital to acquire the company for AU$1.45 per share in cash via a scheme of arrangement.

The company's shares are currently placed in a trading halt, a separate same-day filing showed.

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