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

Weekly Deals Digest (03 May) - Atlas Arteria, European Lithium, OOh!Media, ENN, Sankei RE, Makino

Merger Arb Mondays (04 May) - ENN, Skyworth, European Lithium, OOh!media, Atlas, Humm, Taiyo

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>
<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> disclosed a non-binding proposal from Pacific Equity Partners (PEP) at A$1.40, a 64.7% premium to the undisturbed price. </li>
<li>Despite the high takeover premium, the timing is opportunistic (shares down 32% YTD) and is unattractive compared to precedent transactions and peer multiples.   </li>
<li>The shareholder structure, comprising 10 substantial shareholders, requires a fairer offer. If the Board cannot secure a higher offer, it should reject the current offer. </li>
</ul>



OOh!Media Ltd (OML AU) disclosed a non-binding proposal from Pacific Equity Partners (PEP) at A$1.40, a 64.7% premium to the undisturbed price. 
Despite the high takeover premium, the timing is opportunistic (shares down 32% YTD) and is unattractive compared to precedent transactions and peer multiples.   
The shareholder structure, comprising 10 substantial shareholders, requires a fairer offer. If the Board cannot secure a higher offer, it should reject the current offer. 


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

oOh!Media Ltd

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