The Federal Court of Australia has given JCDecaux’s acquisition of APN Outdoor the green light.
According to a release from APN Outdoor, the Federal Court of Australia has “approved the scheme of arrangement in relation to the JCDecaux transaction”.
It adds: “APN Outdoor confirms that an office copy of the Court orders has been lodged with ASIC pursuant to section 411(10) of the Corporations Act 2001 (Cth) and according to the scheme is now legally effective.
“APN Outdoor shares will cease trading on the Australian Securities Exchange at the close of trade today (18 October).”
The decision follows APN Outdoor shareholders approving the acquisition on Monday.
The shareholders were invited to approve of the acquisition, ‘scheme arrangement’, proposed between APN Outdoor and its shareholders set out in the scheme booklet.
According to an announcement from APN Outdoor, 95.5 per cent of APN Outdoor shareholders present at the meeting voted in favour of the scheme resolution while 99.93 per cent of the votes cast were in favour of the scheme resolution.
The rapid growth in ecommerce during the pandemic has heightened the need for real-time insights to accommodate fast-changing customer behaviour. Accordingly, CMOs’ responsibilities are shifting, and around three quarters are now responsible for contributing to business growth (76 per cent) and data and technology (74 per cent). This is according to the latest Capgemini Research […]
TikTok says that it has officially reached more than one billion global users. In a blog post on its Australian newsroom, the video app said, “our global community is remarkable in its ability to reach millions of people, across generations. From music, food, beauty and fashion to art, causes, and everything in between, culture truly […]
Six screenwriting creatives from across Australia have been selected as the inaugural participants in the Emerging Writers’ Incubator. The Incubator is an initiative from SBS in partnership with Screen Australia, state and territory agencies Film Victoria, Screen Canberra, Screen NSW, Screen Queensland, Screenwest and the South Australian Film Corporation, and with the assistance of the […]
Australian start-up Loyalty Republic is introducing Australia’s first bank and card agnostic direct earn rewards program to democratise loyalty and make rewards accessible and fair for anyone using a debit card. The Loyalty Republic mobile app will place consumers in control of their rewards earning potential and redemption options, with a simplified model offering 1 point per $1 spent on debit card […]