I Squared Capital has lobbed a rival all-cash offer for Australian outdoor advertising company oOh!media , valuing the company at A$765.9 million ($554 million). The unsolicited, conditional non-binding I Squared bid of A$1.45 per share in cash comes after an April non-binding offer of A$1.40 per share from Pacific Equity Partners. The I Squared bid represents a 15% premium to oOh!media’s Friday c...
I Squared Capital has lobbed a rival all-cash offer for Australian outdoor advertising company oOh!media , valuing the company at A$765.9 million ($554 million). The unsolicited, conditional non-binding I Squared bid of A$1.45 per share in cash comes after an April non-binding offer of A$1.40 per share from Pacific Equity Partners. The I Squared bid represents a 15% premium to oOh!media’s Friday closing price. OOh!media shares gained as much as 7.5% in early Sydney trading, the biggest daily move since PEP’s April 29 offer landed. Read More: PEP Offers to Buy Outdoor Ad Firm oOh!Media for $537 Million The target company said in a Monday statement that neither proposal adequately reflected its intrinsic value. It is prepared to provide both bidders with access to a limited amount of due diligence information to allow them to assess whether they are able to make a revised proposal. Engagement with PEP and ISQ is preliminary and oOh!media is also engaging with certain other parties, it said. oOh!media also said it is suspending its share buyback program.
(RTTNews) - The Malaysia stock market on Friday ended the five-day winning streak in which it had advanced almost 40 points or 2.2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,750-point plateau although it may see renewed support on Monday.
(RTTNews) - The Malaysia stock market on Friday ended the five-day winning streak in which it had advanced almost 40 points or 2.2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,750-point plateau although it may see renewed support on Monday.
The relatives of Hussein Asasa described to NPR how they were forced to exhume and rebury their father when Israeli settlers interfered with his grave. (Image credit: Ilia Yefimovich)
The relatives of Hussein Asasa described to NPR how they were forced to exhume and rebury their father when Israeli settlers interfered with his grave. (Image credit: Ilia Yefimovich)
NuScale Power (NYSE: SMR) -- one of the most popular nuclear stocks on the market today -- is entering a critical period in its exciting growth journey. Long term, the company is chasing a $10 trillion opportunity. Over the next five years, there are three specific catalysts I'll be tracking closely. NuScale was the first company to obtain approval from the Nuclear Regulatory Commission for an SMR...
NuScale Power (NYSE: SMR) -- one of the most popular nuclear stocks on the market today -- is entering a critical period in its exciting growth journey. Long term, the company is chasing a $10 trillion opportunity. Over the next five years, there are three specific catalysts I'll be tracking closely. NuScale was the first company to obtain approval from the Nuclear Regulatory Commission for an SMR design in the U.S. Later, regulators approved an upscaled version of its designs for manufacture. While 74 SMR projects are currently under development worldwide, only one company -- NuScale -- is currently permitted to build one in the U.S. Early approval gives NuScale an advantage over the competition. The company could, at least on paper, get its plants built and online before its peers catch up, allowing it to establish critical proof points related to real-world costs and operating metrics. But so far, NuScale has yet to build an operating plant. Some of its biggest projects, including a prospective SMR plant in Romania that was agreed to more than five years ago, have faced continuous delays. Continue reading