Steve Daghlian

Excellent.

Thanks very much.

No pun intended there.

O Media today is up in the order of around 6%.

It received an unsolicited takeover offer from a group called I Squared Capital at $1.45 per share in cash, $0.05 per share above the bid that was made from another group called Pacific Equity that was just in late April.

So the board said it's considered both proposals.

It's turned them both down.

It reckons that they both undervalue the outdoor advertiser.

However, it is prepared to give access to a limited amount of information to both.

So I guess this news is...

been quite helpful for the stock and it broadly has lifted about 60% now over the past couple of weeks on the market.

Yeah, and a reminder that Westpac and NAB both went ex-div last week and next week it's actually going to be Macquarie Group's turn to train as well.

So let's look forward from here because there are quite a few things to be keeping a close eye on this week.

Tomorrow night, of course, the federal budget will be handed down here in Australia after the market shuts at 7.30pm Eastern Standard Time.

That's going to be a big one.

Of course, there have been plenty of leaks, but in the next coming days, we'll be, of course, covering some of the key highlights from that.

We don't have too much in the way of key economic data, I guess, in coming days outside of that.

But we do get some figures on consumer and business confidence tomorrow that will at least get some attention.

Absolutely.

So make sure you tune in for tomorrow morning's podcast with James.