SPO Partners continues to invest in Lamar

By Lisa Kerner

Charlotte, N.C., July 15 - Investors led by SPO Partners II, LP increased their ownership stake in Lamar Advertising Co. to 22.7%, from 22% on June 26, with the purchase of 1,575,400 additional shares of the company's stock.

The shares were acquired between July 8 and July 14, a schedule 13D/A filing with the Securities and Exchange Commission reported.

According to the filing, the shares were priced from $31.90 to $34.21 each.

SPO now owns 17,457,084 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.