SPO Partners reports 19.1% ownership interest in Lamar Advertising

By Lisa Kerner

Charlotte, N.C., June 26 - Investors led by SPO Partners II, LP increased their ownership stake in Lamar Advertising Co. to 19.1% from 16.3% with the purchase of 1,458,700 additional shares of the company's stock between May 28 and June 25, according to a schedule 13D/A filing with the Securities and Exchange Commission.

The shares were priced from $32.74 to $39.50.

SPO now owns 14,671,314 shares of the Baton Rouge, La., outdoor advertising company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.