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For personal use only - asx.com.au
ASX Announcement 26 june 2018 JCDecaux To Acquire APN Outdoor In A Recommended Transaction Key Highlights APN Outdoor Group Limited (ASX:APO, APN Outdoor or the Company) has entered into a Scheme Implementation Deed with JCDecaux SA (JCDecaux), under which JCDecaux has agreed to acquire 100% of the issued share capital of APN Outdoor for a cash price of $ per share (Scheme Consideration) (the Scheme). The Scheme Consideration values APN Outdoor s equity at approximately $1,119 million1, and at an enterprise value (EV) of $1,217 million2, implying an EV / FY18E multiple of The Scheme Consideration of $ per share represents a: o 18% premium to the undisturbed closing price on 19 june 20184 of $ ; o 26% premium to the 3-month volume weighted average price (VWAP) to 19 june 20184 of $ ; and o 34% premium to the 6-month VWAP4 to 19 june 2018 of $ The APN Outdoor Board also intends to declare a fully franked special dividend of up to $ per share immediately prior to implementation of the Scheme (Special Dividend).
ASX Announcement 26 June 2018 JCDecaux To Acquire APN Outdoor In A Recommended Transaction Key Highlights APN Outdoor Group Limited (ASX:APO, APN Outdoor or the Company) has entered into a
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