One of Australia’s leading Digital Out of Home businesses, QMS Media Limited (ASX:QMS) has entered into a Scheme Implementation Deed (SID) with Quadrant Private Equity, who will therefore acquire 100% of the QMS Media shares with an all cash offer at A$1.22.
The QMS Media Board unanimously recommend the Quadrant scheme offer to Shareholders which gives QMS Media an enterprise value of A$571.3 million.
The deal is subject to certain conditions, approvals and the continuing engagement of QMS personel including Barclay Nettlefold and John O’Neill.
Follow DailyDOOH