Premier Outdoor Media, an independent operator of out-of-home advertising assets throughout the Northeast Corridor, announced that it has divested its OOH assets to Lamar Advertising (LAMR). Financial terms of the transaction were not disclosed. The all-cash acquisition adds nearly 200 billboard faces, including 45 digital units, across key markets in New Jersey, Delaware, Maryland, Pennsylvania and New York to Lamar’s portfolio.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAMR: