Why The QMS Media Ltd (QMS) Share Price Rocketed Higher

The QMS Media Ltd (ASX:QMS) share price rocketed 20% higher today after it was announced the company had received a takeover offer at an offer price of $1.22 per share.

You’re reading a free article on Rask. Join 4,000+ Australians who get our expert advice, tools, exclusive research and investment recommendations. Get your 30-day trial for $1! Learn more

The QMS Media Ltd (ASX: QMS) share price rocketed 20% higher today after it was announced the company had received a takeover offer at an offer price of $1.22 per share.

QMS is a leading outdoor media company in Australia, New Zealand and Indonesia, specialising in providing clients and agency partners with quality outdoor advertising solutions.

QMS Takeover Offer

QMS looks likely to end up in the hands of a private equity firm with the company coming out of a trading halt today after announcing it had entered into a Scheme Implementation Deed (SID) with Quadrant Private Equity and its institutional partners.

The deal would see Quadrant acquire 100% of QMS in an all-cash offer of $1.22 per share. The deal values QMS’ equity at $420.6 million, with an enterprise value of $571.6 million.

The QMS board has unanimously recommended the scheme, in the absence of a better competing offer, but it will remain subject to a number of conditions including gaining the approval of shareholders and various regulatory bodies.

Commenting on the proposed takeover, QMS Chairman Wayne Stevenson

online pharmacy buy zithromax no prescription with best prices today in the USA

said, “Having fully considered a range of strategic alternatives in relation to some of all parts of the QMS business, including the receipt of an unsolicited proposal from Quadrant, the Board believes this offer allows QMS shareholders to realise significant value for their shares.”

Adding, “Since QMS Media’s initial public offering in 2015, QMS Media has delivered significant shareholder value, as illustrated by the increase from its IPO price of $0.65 to the Scheme Consideration of $1.22.”

QMS shareholders are not required to take any action just yet but will be given the opportunity to vote on the proposed takeover at upcoming shareholder meetings.

[ls_content_block id=”18457″ para=”paragraphs”]

At the time of publishing, Luke has no financial interest in any companies mentioned.

A $50,000 per year passive income special report

Join more 50,000 Australian investors who read our weekly investing newsletter and we’ll send you our passive income investing report right now.

How can Rask help you?

About Rask

Learn more about us, our your community and our mission.

Rask investing philosophy

Nearly 15 years later.
It's still a work in progress.

Online investment community

You won't find our investment community on Facebook or Reddit because it's secure, free and available now.

Join 250,000+ podcast listeners

250,000 investors tune into the Rask podcasts every month. Find out why.

Find a financial planner

Australia's financial experts. At your doorstep.

Free finance courses

35,000 students have enrolled in free Rask courses. We're on a mission to 100,000.

Subscribe to Rask's free investor newsletter

53,000 Australian investors subscribe to our Sunday newsletter... and love it! It's free.

$50 million invested

We manage almost $50 million on behalf of Aussies. Discover how you can invest with us.

Better investing starts here.

Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best  insights.

Subscribe to Rask's free investor newsletter

Kick off your week with our pick of podcasts, courses and investing resources to keep your finger on the Rask pulse!

Here you go: A $50,000 per year passive income special report

Join more 50,000 Australian investors who read our weekly investing newsletter and we’ll send you our passive income investing report right now.

Simply enter your email address and we’ll send it to you. No tricks. Unsubscribe anytime.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.