Aussie PE Firm Champ Picks Up Advertiser For $163M

Law360, New York (December 13, 2011, 6:43 PM EST) -- A company owned by Australia's Champ Private Equity has agreed to pay AU$163 million (US$163.2 million) for outdoor advertising firm oOh!media Pty Ltd. in its first buyout attempt announced this year, Champ said Tuesday.

Champ's Outdoor Media Operations Pty Ltd. offered to pay AU$0.325 per share in cash for the advertiser, or a mix of AU$0.10 in cash and one share in an unlisted Cayman company per share, the companies said in statements. The mixed deal would allow oOh!media shareholders to regain an indirect interest in...
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