IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

OOh!media (OML AU): Tight Spread, Low Risk, with Scheme Vote on 2 November

OOh!media (OML AU): PEP’s Non-Binding Proposal Is Light

OOh!media (OML AU): I Squared’s Competing Offer, While Rejected, Sets an Auction in Motion

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>The <a href="https://www.afr.com/street-talk/i-squared-wins-ooh-media-s-pe-shootout-with-900m-bid-20260809-p60mrk" target="_blank" rel="noopener">AFR reports</a> that I Squared emerged with a winning binding proposal for <a href="https://www.smartkarma.com/entities/ooh-media-ltd" target="_blank" data-smartkarma-citation="entities:8662:1" rel="noopener">oOh!Media Ltd (OML AU)</a> at A$1.70, a 100.0% premium to the undisturbed price of A$0.85 (28 April).</li>
<li>The offer is light compared to peer and precedent transactions and is below the 52-week high of A$1.73.</li>
<li>However, shareholders should be supportive, as the offer was the highest in a competitive auction, and it is uncertain whether the Board’s strategic execution could outperform a 100% takeover premium.</li>
</ul>


The AFR reports that I Squared emerged with a winning binding proposal for oOh!Media Ltd (OML AU) at A$1.70, a 100.0% premium to the undisturbed price of A$0.85 (28 April).
The offer is light compared to peer and precedent transactions and is below the 52-week high of A$1.73.
However, shareholders should be supportive, as the offer was the highest in a competitive auction, and it is uncertain whether the Board’s strategic execution could outperform a 100% takeover premium.


OOh!media (OML AU): I Squared Emerges with the Winning Bid