What Ocean Outdoor’s latest Nordic raid means for the business
Digital billboard firm Ocean Outdoor (OOUT) has made a second foray into Scandanavia with the proposed acquisition of its Swedish peer AdCityMedia for a little under £25m. This follows on from the recent purchase of another Sweden-based firm, Visual Art, two months ago.
The stock is unchanged at $7.60 on the news. The share price has slipped back in recent weeks, perhaps reflecting a more ...