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18 stories mentioning ASX:OMLUpdated 7d ago

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oOh!media Signs Out-of-Home Content Agreement With Cricket Australia for 2026, 2027 Test Season

oOh!media (ASX:OML) said Thursday signed an out-of-home content agreement with Cricket Australia to deliver official cricket news, match countdowns, highlights, and live scores across the entire 2026 to 2027 Australian NRMA Insurance Men's Test season.The company in a statement said that the program will keep fans connected with the game across oOh!'s full digital network comprising airports, billboards, retail centers, street furniture, rail, offices and study environments while creating new opportunities for brands to align with live sporting moments.The company's shares fell past 2% in recent Thursday trade.

ASX:OML
Asia

Australian Shares Flat; Karoon Energy Restores Production at Brazil Well

Australian shares were flat on Monday after oil prices jumped as the ceasefire between the US and Iran broke down.The S&P/ASX 200 Index was little changed to close at 8,808.50.Brent crude oil futures jumped over 4% to trade around $79 per barrel, increasing inflation risks. Iran claimed that it had closed the Strait of Hormuz.Gold fell past 1% to trade around $4,060 per ounce.On the domestic front, Australian customers have so far spent over AU$7 billion during this year's FIFA World Cup, with spending increases recorded across key fan categories, according to an ANZ analysis.Spending increased in various sectors: takeaway food by 6.6%, cafes and restaurants by 5.5%, bars and hotels by 5.2%, and sporting apparel by 9.3%.In company news, Karoon Energy (ASX:KAR) restored production at the PRA-2 well at its Baúna project in Brazil after reconnecting the umbilical and re-establishing connectivity with the submersible pump. The well came back online on July 6 and is currently producing between 1,000 and 1,200 barrels of oil per day.Ampol (ASX:ALD) secured a cornerstone investment from KKR in its AU$400 million financing transaction. Ampol will use the funds for refinancing initiatives and other general corporate purposes.Lastly, oOh!media (ASX:OML) said Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management reconfirmed their non-binding indicative offers to acquire the company at a price range of AU$1.60 to AU$1.65 per share. It plans to continue engagement with all three prospective buyers on diligence and binding documentation.

ASX 200ASX:ALDASX:KARASX:OML
Asia

Update: oOh!media Says Prospective Buyers Reconfirmed Non-Binding Offers

(Updates to add stock movement in the last paragraph)oOh!media (ASX:OML) said Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management reconfirmed their non-binding indicative offers to acquire the company at a price range of AU$1.60 to AU$1.65 per share, according to a Monday filing with the Australian bourse.oOh!media plans to continue engagement with all three prospective buyers on diligence and binding documentation in a process expected to take up to four weeks, per the filing.The company said there is no guarantee of any deal materializing.The company's shares rose past 2% in recent Monday trade.

ASX:OML
Asia

ASX Preview: Australian Shares to Rise as Iran Tensions Escalate; oOh!media Says Prospective Buyers Reconfirmed Non-Binding Offers

Australian shares are poised to rise on Monday as gains in oil prices lift energy stocks, with markets tracking heightened geopolitical tensions after Iran expanded strikes on Gulf states and raised concerns over crude shipments through the Strait of Hormuz.In the macroeconomy, Australians are turning FIFA World Cup fever into a local spending surge, with new data revealing billions of dollars flowing into pubs, cafes, restaurants, and sporting retailers as fans gather to watch the global tournament, ANZ Research said in a report on Monday.In corporate news, oOh!media (ASX:OML) said Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management reconfirmed their non-binding indicative offers to acquire the company at a price range of AU$1.60 to AU$1.65 per share.Regis Resources (ASX:RRL) will not make a new offer to acquire Vault Minerals (ASX:VAU) following a competing proposal by Genesis Minerals (ASX:GMD).Australia's benchmark index rose 0.5% or 43.5 points to close at 8,806 on July 10.

ASX 200ASX:GMDASX:OMLASX:RRLASX:VAU
Asia

oOh!media Says Prospective Buyers Reconfirmed Non-Binding Offers

oOh!media (ASX:OML) said Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management reconfirmed their non-binding indicative offers to acquire the company at a price range of AU$1.60 to AU$1.65 per share, according to a Monday filing with the Australian bourse.oOh!media plans to continue engagement with all three prospective buyers on diligence and binding documentation in a process expected to take up to four weeks, per the filing.The company said there is no guarantee of any deal materializing.

ASX:OML
Asia

Airtasker Completes Early Settlement of AU$10 Million Media Partnership Notes

Airtasker (ASX:ART) agreed to the early cash settlement of two AU$5 million media partnership notes issued to subsidiaries of oOh!media (ASX:OML) and ARN Media (ASX:A1N), according to a Monday filing with the Australian bourse.The company paid AU$5.5 million to oOh!media and AU$5.4 million to ARN Media, including accrued coupon, achieving a combined early settlement discount of AU$300,000, which represented a 27% reduction in the total interest payable, the filing added.Shares of Airtasker and oOh!media rose 2% and 1%, respectively, in Monday trading, while ARN Media shares fell 2%.

ASX:A1NASX:ARTASX:OML
Asia

oOh!media Secures Extension of Partnership With Australian Open

oOh!media (ASX:OML) secured a multi-year extension of its partnership with the Australian Open, the advertising company said in a statement on Wednesday.Under the deal, brands can connect with audiences at every stage throughout the three-week tournament, the company said.

ASX:OML
Asia

Update: oOh!media Receives Higher Offers in Revised Acquisition Proposals; Plans to Grant Further Due Diligence Access, Shares Up 5%

(Updates to add stock movement in the headline and the last paragraph)oOh!media (ASX:OML) said it received revised proposals to acquire the company from Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management, with some of the proposals offering AU$1.60 per share, according to a Monday filing with the Australian bourse.The revised offers, which came after oOh!media granted certain parties a three-week period of limited due diligence access, are higher than earlier unsolicited offers ranging from AU$1.40 to AU$1.45 per share.The company's board unanimously decided that the earlier proposals did not adequately reflect oOh!media's intrinsic value, per the filing.oOh!media now plans to provide further due diligence access to select parties who issued revised proposals, a process that is expected to take up to six weeks.The company cautioned that there is no certainty of any deal, and recommended that its shareholders take no action on any proposal at this time.The company's shares rose 5% in recent Monday trade.

ASX:OML
Asia

oOh!media Receives Higher Offers in Revised Acquisition Proposals; Plans to Grant Further Due Diligence Access

oOh!media (ASX:OML) said it received revised proposals to acquire the company from Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management, with some of the proposals offering AU$1.60 per share, according to a Monday filing with the Australian bourse.The revised offers, which came after oOh!media granted certain parties a three-week period of limited due diligence access, are higher than earlier unsolicited offers ranging from AU$1.40 to AU$1.45 per share.The company's board unanimously decided that the earlier proposals did not adequately reflect oOh!media's intrinsic value, per the filing.oOh!media now plans to provide further due diligence access to select parties who issued revised proposals, a process that is expected to take up to six weeks.The company cautioned that there is no certainty of any deal, and recommended that its shareholders take no action on any proposal at this time.

ASX:OML
Asia

Australian Shares Flat; oOh!media Confirms Non-Binding Indicative Offer From Bain Capital

Australian shares were flat with a negative bias on Tuesday as investors weighed in on the cessation of strikes between Israel and Iran after an exchange over the weekend.The S&P/ASX 200 Index was little changed to close at 8,604.20.Brent crude oil futures fell to trade at around $93 per barrel after indications of de-escalation between Israel and Iran.On Wall ​Street, the Nasdaq fell over 4% on Friday, but rebounded 0.9% overnight. Stronger economic activity and job growth in the US led investors to expect the Federal Reserve to delay its rate cuts.On the domestic front, Australia's consumer confidence fell further into pessimistic territory in June as cost-of-living pressures, weakening household finances, and softer housing expectations continued to weigh on sentiment. The Westpac-Melbourne Institute Consumer Sentiment Index fell 2.9% to 80.6 in June from 83 in May.Business confidence in Australia lifted off a low base, rising 10 points to negative 14 index points in May. However, it is still weak, and margin pressures are likely to remain a factor for businesses in the months ahead, according to the NAB Monthly Business Survey. Sentiment remains negative across all industries despite the increase, and overall conditions continue to track below average through the year.The total value of residential dwellings in Australia rose 2.5% in the March quarter, settling at AU$12.773 trillion. The mean price of residential buildings rose AU$22,300 to AU$1.1 million in the quarter.In company news, 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. 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.James Hardie Industries (ASX:JHX) has been served with a group proceeding in the Supreme Court of Victoria on behalf of investors who acquired securities between May 21, 2025, and Aug. 19, 2025, alleging that it breached regulations in relation to forward-looking statements about its forecast financial performance. It denied the allegations and said it will vigorously defend the case.Coast Entertainment Holdings (ASX:CEH) said Queensland's State Assessment and Referral Agency (SARA) has issued its referral agency response to the Deputy Premier and Minister for State Development, Infrastructure and Planning regarding the company's Dreamworld precinct development application. SARA's response is the penultimate step in the call-in process and is submitted to the Minister for consideration ahead of a final decision.

ASX 200ASX:CEHASX:JHXASX:OML
Asia

Update: oOh!media Confirms Non-Binding Indicative Offer From Bain Capital; Shares Up 9%

(Updates to add stock movement in the headline and the last paragraph)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.Trading in the company's shares resumed on Tuesday, with its shares rising nearly 9% in recent activity.

ASX:OML
Asia

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

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.

ASX:OML
Asia

oOh!media Reports Q1 Revenue Growth of 4%

oOh!media (ASX:OML) reported overall first-quarter revenue growth of 4%, with a 7% increase in Australia, saying that the second quarter is tracking on a similar pace, according to a Thursday filing with the Australian bourse.The advertising company said its first-half gross margin will be softer than expected due to industry-wide pressure on billboards, and underlying adjusted operating expenditure for the period will likely come in "slightly lower" than a year earlier.Meanwhile, full-year 2026 capital expenditure is expected to be between AU$45 million and AU$55 million.

ASX:OML
oOh!media Gets Second Takeover Offer From I Squared Capital
US Markets

oOh!media Gets Second Takeover Offer From I Squared Capital

oOh!media (ASX:OML) received a second takeover offer in about two weeks. I Squared Capital, or ISQ, offered to take over the Australian outdoor advertising and media company for AU$1.45 per share, the company said in a Monday press release.ISQ's takeoffer price is higher than Pacific Equity Partners' previous offering of AU$1.40 per share.The second takeover offer could value the company at AU$765.9 million, according to Bloomberg News on Monday.Both offers are conditional and non-binding and ISQ's offer price is subject to adjustment. However, the company deemed that neither offer "adequately reflects the intrinsic value of oOh!"Despite this, the company is prepared to give both ISQ and PEP access to a "limited amount of due diligence information" to see whether they can offer a revised proposal, according to the release.Amid the offer, the company decided to pause its plan to buy back about 53.9 million shares. The program was supposed to run from March 12 this year until March 11, 2027.Morningstar director Brian Han said PEP's offer, which was previously labelled as "opportunistic", was actually "merely a conversation starter", with which ISQ came in with a higher offer, according to a Financial Review article on Monday.The company may have rejected both offers, Han said, but the company has set up a "'for auction' sign", the report said.However, Entcho Raykovski, Evans and Partners' head of media and telecoms research, described ISQ's offer as "undemanding". An offer of up to AU$1.60 per share could bring an internal rate of return in double digits for a private equity acquirer, Raykovski said in the AFR report.oOh!media said it is engaging with other parties and "may potentially receive change of control proposals" from them, according to the company's release.The company showed good performance for the whole year of 2025 as its revenue rose to AU$691.4 million from AU$635.6 million a year earlier. Its adjusted earnings also went up to AU$0.117 per share from AU$0.109 in the prior year.oOh!media's shares jumped 7.1% at the close.

ASX:OML
Asia

ASX Preview: Australian Shares Set to Fall as Trump Rejects Iran Peace Bid; Dyno Nobel Posts Higher Fiscal H1 Adjusted Earnings, Lower Revenue

Australian shares are poised to fall on Monday after US President Donald Trump rejected Iran's peace proposal for ending the conflict, triggering a rise in oil prices and renewed fears over disrupted shipping through the Strait of Hormuz and escalating Middle East tensions.On May 8, the S&P 500 and the Nasdaq Composite rose 0.8% and 1.7%, respectively, while the Dow Jones Industrial Average remained flat.In the macroeconomy, Australia's building approvals report is due at 11:30 am Sydney time.In corporate news, Dyno Nobel (ASX:DNL) reported Monday fiscal first-half adjusted earnings of AU$0.089 per share on revenue of AU$1.9 billion, compared with adjusted earnings of AU$0.046 on revenue of AU$2.25 billion a year earlier.oOh!media (ASX:OML) 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.Australia's benchmark index fell 1.5% or 133.7 points to close at 8,744.40 on May 8.

ASX 200ASX:DNLASX:OML
Asia

oOh!media Receives AU$1.45 per Share Takeover Proposal From I Squared Capital

oOh!media (ASX:OML) 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, according to a Monday filing with the Australian bourse.The company received a proposal in April to be acquired by Pacific Equity Partners for AU$1.40 per share in cash.oOh!media said its board "considered both proposals in conjunction with its advisers and has unanimously determined that neither proposal adequately reflects the intrinsic value of oOh!."However, it is willing to grant both interested parties access to a limited amount of due diligence information to allow them to consider revised proposals, subject to their entry into non-disclosure agreements.The engagement with I Squared and Pacific Equity is preliminary in nature, the company said, adding that it is also in talks with certain other parties on potential change-of-control proposals.Additionally, oOh!media has paused its on-market share buyback program, per the filing.

ASX:OML
Asia

Update: oOh!media Receives AU$1.40-per-Share Buyout Proposal From Pacific Equity Partners; Shares Surge 41%

(Updates with the stock movement in the headline and last paragraph.)oOh!media (ASX:OML) received an unsolicited, non-binding proposal from Pacific Equity Partners to acquire the company for AU$1.40 per share in cash, according to a Wednesday filing with the Australian bourse.The proposal is subject to several conditions, including the completion of due diligence, unanimous recommendation by oOh!media's board, and regulatory approvals, per the filing.The company said it is evaluating the proposal alongside financial adviser UBS Securities Australia and legal adviser Mallesons.Shares of oOh!media surged 41% in recent Wednesday trade.

ASX:OML
Asia

oOh!media Receives AU$1.40-per-Share Buyout Proposal From Pacific Equity Partners

oOh!media (ASX:OML) received an unsolicited, non-binding proposal from Pacific Equity Partners to acquire the company for AU$1.40 per share in cash, according to a Wednesday filing with the Australian bourse.The proposal is subject to several conditions, including the completion of due diligence, unanimous recommendation by oOh!media's board, and regulatory approvals, per the filing.The company said it is evaluating the proposal alongside financial adviser UBS Securities Australia and legal adviser Mallesons.

ASX:OML

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