October 28, 2019 / 11:34 PM / 22 days ago

Australia's QMS Media gets Quadrant PE offer valuing it at $287.5 mln

Oct 29 (Reuters) - Australia’s QMS Media Ltd said on Tuesday it received a takeover offer from Quadrant Private Equity that values the company’s equity at A$420.6 million ($287.5 million).

The Quadrant offer of A$1.22 per QMS share was at a 22% premium to its last closing level.

QMS shareholders would also be entitled to receive a final dividend of up to 1.3 cents per share, the company said.

$1 = 1.4628 Australian dollars Reporting By Rushil Dutta in Bengaluru; Editing by Tom Hogue

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