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Stock impact report

OUTFRONT Media and Bell Media Announce Closing of the Sale of OUTFRONT Media's Canadian Business [Yahoo! Finance]

OUTFRONT Media Inc. (OUT) 
Last outfront media inc. earnings: 2/25 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
today that they have closed the sale of OUTFRONT Media's Canadian business to Bell Media for a purchase price of C$410 million in cash, subject to certain purchase price adjustments. Jeremy Male , Chairman and Chief Executive Officer of OUTFRONT Media, said: "The sale of our Canadian business illustrates the inherent value of our out-of-home assets, and will enable us to proactively reduce our financial leverage and also focus entirely on operating what is now a fully domestic business here in the United States Sean Cohan , President of Bell Media, said: "This acquisition marks a significant milestone for Bell Media and solidifies our leadership position in the out-of-home space. Our now expanded national inventory of both digital and out-of-home assets will drive even better, industry-leading results for our advertising partners." About OUTFRONT Media Inc. OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their home Show less Read more
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