Ooh Media ups Adshel bid to half a billion dollars

Ooh Media has upped its offer to buy Adshel to nearly half a billion dollars, the outdoor company has revealed to the ASX.

Adshel – which specialises in street furniture – is currently owned by Here, There & Everywhere, which also owns the Australian Radio Network.

Ooh Media told the ASX this morning that it made an indicative bid of $470m for Adshel nearly three weeks ago. The company had previously put in a lower offer which was rejected by the HT&E board.

Rumours had been circulated around a potential buyer for the outdoor company