Bidding war looms for outdoor advertising giant
Written on the 22 May 2018 by Nick Nichols
A BIDDING war for a bigger slice of the lucrative outdoor advertising sector appears to be on the cards as APN Outdoor Group (ASX:APO) reveals it is offering $500 million for the Adshel business.
The indicative offer for Adshel, owned by Here There & Everywhere (ASX:HT1) and operator of Australia's largest street furniture advertising network, has pipped an earlier offer of $470 million by oOoh!media (ASX:OML).
Author: Nick Nichols