APN Outdoor joins bidding for Adshel
APN Outdoor has emerged as one of the bidders for Here, There & Everywhere’s outdoor business, Adshel, in the company’s first big move since the arrival of new boss James Warburton.
Adshel: On the block
The outdoor giant – which failed to merge with Ooh Media last year – told the ASX this evening it had submitted an indicative offer of $500m to buy Adshel’s Australian and New Zealand businesses.
APN Outdoor is the latest outdoor giant with an interest in Adshel
APN is there to drive up the bidding, and someone already knows the outcome of the City of Sydney tender. As I said before, the market will dictate the outcome here.