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IN BRIEF: Ocean Outdoor expects Atoll takeover to take effect in June

27th May 2022 20:27

Ocean Outdoor Ltd - London-based digital out-of-home advertising firm - Says it expects acquisition by New York-based investment company Atairos to become effective on June 14, should it gain shareholder approval at general meeting convened for June 13.

The company confirmed that it was evaluating a potential sale in February, following interest and conditional offers received.

Current stock price: USD9.98

12-month change: up 25%

By Arvind Bhunjun; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

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