OOH MEDIA LTD

oOh!media recorded revenue of AUD 340.9m in the first half of 2026 (+1.4%), while adjusted underlying EBITDA fell by around AUD 14m, or about 22%, and gross margin declined by 4.3 percentage points. Management attributes the decline to a less favourable product mix, higher variable airport rental costs and timing effects from investments in new contracts. July EBITDA was more than double the prior year, the company reports annualised cost savings of over AUD 12m and expects improved margins in the second half; capex guidance for 2026 is AUD 40–50m and leverage is around 1.0x. The stock barely moved and traded slightly lower; management is confident about the MAC clause in the transaction with I Squared Capital. » More on de.investing.com

oOh!Media agreed with I Squared Capital on a binding takeover offer of A$1.70 per share (A$1.68 in the scheme plus A$0.02 interim dividend), equivalent to an equity value of around A$898m and an enterprise value of about A$1.04bn. The offer is 6.9% above the last closing price and 100% above the unaffected price on 28 April 2026; the board is also considering an additional special dividend of around A$0.10 per share. The transaction follows a competitive process and remains subject to approval by shareholders, courts and regulators (including the Foreign Investment Review Board) and is expected at the end of November/early December 2026. On the day, the stock rose 4.1% while the broader Australian market traded weaker, indicating the increase was company-specific. » More on de.investing.com