Adshel bidding contest to continue following APN Outdoor’s $540 million offer says HT&E

June 22, 2018 2:21

HT&E is to continue the bidding contest for its Adshel out-of-home division following this morning’s increased $540 million offer from APN Outdoor.

In a statement to the ASX this afternoon, HT&E’s board said it expects to receive offers from other parties after APN increased its bid by $60 million to counter the offer made by Ooh Media in May.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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