CHAMP PE approved for oOh!media buyout
CHAMP Private Equity has received unanimous approval by the board of directors of Australian out-of-home advertising firm oOh!media to purchase the company for A$163 million ($163 million), capping off the firm’s 2011 on a high and marking its first buyout in a year.
CHAMP first launched its takeover bid last month, proposing to buy the company's shares for A$0.325 apiece. It initially bought 9% of oOh!media and has since acquired an additional 10% follow-on stake....
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