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): I Squared Emerges with the Winning Bid

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

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Event-Driven

<ul>
<li>I Squared won the <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>'s auction with a binding A$1.70 offer (A$1.68 cash plus a A$0.02 dividend). That is a 100% premium to the undisturbed A$0.85 price.</li>
<li>No shareholder holds a blocking stake, and substantial holders should support the premium. The independent expert found the scheme fair and reasonable, valuing oOh! at A$1.59–A$1.78 per share.</li>
<li>The ACCC cleared the deal unconditionally. For FIRB and NZ OIO approval, the risk is timing, not outcome. A 0.9% gross spread points to a done deal. </li>
</ul>


I Squared won the oOh!Media Ltd (OML AU)'s auction with a binding A$1.70 offer (A$1.68 cash plus a A$0.02 dividend). That is a 100% premium to the undisturbed A$0.85 price.
No shareholder holds a blocking stake, and substantial holders should support the premium. The independent expert found the scheme fair and reasonable, valuing oOh! at A$1.59–A$1.78 per share.
The ACCC cleared the deal unconditionally. For FIRB and NZ OIO approval, the risk is timing, not outcome. A 0.9% gross spread points to a done deal. 


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