‘Unacceptable’: Trump Post Drags ASX 200

‘Unacceptable’: Trump post drags ASX 200

A single Trump social media post about peace talks in the Middle East weighed on the Australian sharemarket as the price of oil soared.

ASX 200 LIVE: Shares to extend losses as Iran war bewilders; Brent above $US100

Shares to fall at the open; I Squared lobs bid for oOh!; CSL revises profit, revenue outlook; $A holds near four-year highs; Ingahms maintains guidance. Follow live

This ASX media company has attracted a second takeover offer. Let the bidding war begin

Asx media company oOh!media Ltd (ASX: OML) has fielded its second takeover in as many weeks, with I Squared Capital offering to buy the company for $1.45 per share in cash. This follows Pacific Equity Partners offering to buy the company for $1.40 per share in late April. Shares trading higher Shareholders who bought in at recent lows below $1 will be happy. Meanwhile, for longer term holders, the offers are well below levels reached in October …

The bidding war begins as Ooh Media receives second takeover offer

Outdoor advertising company Ooh Media has received a second, higher bid for its company, following an unsolicited takeover bid late last month by Pacific Equity Partners. Ooh Media has also informed the market it is also engaging with other parties in regards to a sale. The latest proposal, from private infrastructure investment firm I Squared Capital (ISQ), is an all-cash offer for the entire company, at $1.45 a share, an increase on PEP’s Apri…