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Prospect News home > News index > List of issuers L > Headlines for Lamar Advertising Co. > News item
Published on 10/2/2007 in the Prospect News Special Situations Daily.

SPO ups Lamar ownership to 11.6%

By Laura Lutz

Des Moines, Oct. 2 - Investors led by SPO Partners II, LP increased their ownership stake in Lamar Advertising Co. to 11.6% from 10.55%, according to an SC 13D/A filing with the Securities and Exchange Commission.

Between July 30 and Sept. 27, affiliates of SPO bought 768,869 shares of Lamar for between $47.36 and $58.40 per share.

SPO now owns 9,495,969 shares of the Baton Rouge, La., outdoor advertising company.


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