Bain Capital Exits Bid for Australia’s oOh!Media After Weekend Review
Updated
Updated · Bloomberg · Jun 17
Bain Capital Exits Bid for Australia’s oOh!Media After Weekend Review
3 articles · Updated · Bloomberg · Jun 17
Summary
Bain Capital has dropped its pursuit of oOh!Media, ending its effort to take the Australian outdoor advertising company private, according to the Australian Financial Review.
The firm spent the weekend reconsidering the deal and then chose not to proceed, the report said, without identifying the source of the information.
Bain had previously submitted a conditional, non-binding offer for oOh!Media, so its withdrawal removes that proposal before it advanced to a binding stage.