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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.

Financial News · Live Terminal

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

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

Bannerman Energy Says Early Construction Works Program at Namibia Uranium Project to Continue Through H1

DevEx Resources Defines Exploration Pipeline at Northern Territory Uranium Project; Shares Jump 8%

Market Chatter: China Orders ByteDance Apps to Follow Rules on AI Content Labeling

Meteoric Resources Consolidates Tenure at Brazil Rare Earths Project Via Amendment Agreement With Togni, Shares Fall 7%

Xinte Energy's Losses Narrow in 2025; Shares Up 4%

Andean Silver Continues Advancing Chile Project Exploration in March Quarter

Toubani Resources Confirms Uninterrupted Operations at Mali Gold Project Despite Security Concerns; Shares Up 8%

Mapletree Industrial Trust's DPU Down 8% in Fiscal Q4; Shares Down 4%

First Tractor Posts 6% Profit Growth in Q1

Bank of Zhengzhou's Profit Rises 5% in Q1

Beach Energy's Western Australia Gas Plant Reaches Nameplate Capacity

RemeGen Swings to Profit in Q1 2026

China Northern Rare Earth's Q1 Profit Soars 113%, Revenue Jumps 28%; Shares Surge 10%

Anhui Expressway's Q1 2026 Profit Falls 2.7%

Holly Futures' Q1 Profit Soars 940%; Shares Jump 5%

Brightstar Resources Reports Higher March Quarter Group Mining Production

Racura Oncology, University of Wollongong Win New South Wales Government Funding for Cancer Study

JAC Motors Widens Q1 Loss, Revenue Up 17%

Worley Secures New Contract With Materials Science Company