OML 0.83% $1.22 ooh!media limited

News: OML HT&E Ltd Updates On Ooh!Media's Non-Binding Indicative Offers For Adshel

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    May 21 (Reuters) - Ht&E Ltd (HT1) :

    • UPDATES ON OOH!MEDIA'S NON-BINDING INDICATIVE OFFERS RECEIVED FOR ADSHEL
    • BOARD DETERMINED THAT OML OFFER IS NOT MOST ATTRACTIVE OFFER, NOT IN BEST INTERESTS OF CO & DOES NOT OFFER COMPELLING VALUE FOR SHAREHOLDERS
    • OFFERED TO ENGAGE WITH OML TO ENABLE IT TO MORE APPROPRIATELY VALUE ADSHEL SO AS TO IMPROVE THEIR PRICE
    • BOARD ADVISES SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION AT THIS TIME REGARDING THE OFFERS
 
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