An update from Outfront Media (OUT) is now available.
OUTFRONT Media Inc. has finalized the sale of its Canadian outdoor advertising business to Bell Media Inc., marking a significant move in the industry. The deal, which was wrapped up on June 10, 2024, saw the transfer of all the company’s equity interests in the business, netting OUTFRONT Media a cool C$410 million in cash, albeit with some adjustments to the final purchase price. This strategic transaction is poised to reshape the outdoor advertising landscape in Canada.
For detailed information about OUT stock, go to TipRanks’ Stock Analysis page.
