Company News: HT&E
Following press speculation, HT&E confirmed it had received a non-binding indicative takeover offer for its out of home advertising business Adshel. HT&E advised that it assessed the offer as undervaluing the Adshel business. It therefore did not progress the offer. Additionally, HT&E reassured the market in relation to its revenue and earnings outlook, including advising it will meet, and potentially exceed, consensus expectations for FY-18 EBITDA (earnings before interest, tax, depreciation and amortisation).