For master of the universe Chris Hadley, the founder and chairman of Quadrant Private Equity, the savage share price declines of oOh!media must prompt some measure of regret.
It was only in early February that shareholders in listed outdoor ad company QMS finally approved Quadrant's $420 million takeover. oOh!media, QMS' key listed rival, then had a market capitalisation of $764 million – a figure that had by Tuesday declined 42 per cent to $443 million.
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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
