By: M4G Bureau
Last updated : December 05, 2017 6:53 pm
The combined entity will become Australia's largest outdoor operator, with more than 50% market share.
The combined entity will be larger than the Seven, Nine and Ten television networks by market capitalisation.
Addressing APN Outdoor shareholders at the firm’s annual general meeting, chairman Doug Flynn said he expected oOh!media to put the transaction to its shareholders for a vote in late June to enable implementation in July.
“The deal is subject to approval by the competition watchdog, whose indicative decision date is due on May 4, 2017,” the report stated.