Funds managed or advised by I Squared and its affiliates will acquire all oOh!Media shares for A$1.70 cash apiece, according to a statement on Monday. The offer represents a 6.9% premium to Friday’s closing price, and implies an enterprise value for the company of about A$1.04 billion. 

The deal price is double what oOh!Media shares were fetching in late April before Pacific Equity Partners made the initial takeover approach that sparked the bidding war. Sydney-based oOh!media has a sprawling network of more than 30,000 advertising sites across Australia and New Zealand, from roadside billboards to rail stations and shopping malls. 

“Its scale, premium locations, breadth of formats, and extensive concession base underpin a leading market position,” I Squared said in a statement. The global infrastructure investment firm manages about US$60 billion in assets.

Shares of oOh!Media rose as much as 4.9% on Monday morning and were up 28% so far this year as of 11am in Sydney.