July 30 (Reuters) - QMS Media Ltd QMS.AX :
* GOT OVERSEAS INVESTMENT OFFICE NZ NOD TO UNDERTAKE MERGER OF NZ OUT-OF-HOME, DIGITAL MEDIA AND PRODUCTION BUSINESS WITH MEDIAWORKS NZ
* UPON COMPLETION, QMS EXPECTS TO RECEIVE A CAPITAL RETURN OF APPROXIMATELY A$35 MILLION AND HAVE A 40% SHAREHOLDING IN MERGED ENTITY