Pacific Equity Partners Proposes $537 Million Acquisition of oOh!media

Apr 28, 2026 23:51 UTC

OOH.AX

Short term

Private equity firm Pacific Equity Partners has submitted a non-binding cash offer to acquire Australian outdoor advertising leader oOh!media. The proposal values the company at approximately A$746.9 million, triggering a record surge in share price.

Non-binding cash offer of A$1.40 per share
Total valuation of A$746.9 million ($537 million USD)
Premium of approximately 65% over previous close
Record 47% intraday stock price increase
Board is currently evaluating the proposal

oOh!media Ltd. is currently reviewing a takeover bid from Pacific Equity Partners (PEP) that would see the outdoor advertising specialist taken private in an all-cash transaction. The non-binding proposal values the Australian firm at A$746.9 million, or roughly $537 million USD. Under the terms of the proposal, PEP has offered A$1.40 per share. This represents a substantial premium of approximately 65% over the stock's closing price on Tuesday, signaling a strong aggressive move by the private equity firm to secure the asset. The market responded immediately to the news, with oOh!media shares jumping as much as 47%. This spike marks the largest single-day percentage gain in the company's history, reflecting investor confidence in the valuation of the bid. The board of oOh!media is now evaluating the proposal. While the offer remains non-binding, the significant premium suggests a high likelihood of further negotiations or a potential agreement to move forward with the acquisition.