Bell closes deal to buy Outfront Media's Canadian business, must sell 669 ad spaces [Yahoo! Finance Canada]
OUTFRONT Media Inc. (OUT)
Last outfront media inc. earnings: 2/25 04:03 pm
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Source: Yahoo! Finance Canada
acquisition of outdoor advertising company Outfront Media Inc.'s Canadian operations. The watchdog's ruling Monday comes as the BCE Inc. subsidiary announced the closure of deal, first announced last October, to take over Outfront Media's 9,325 advertising displays. The bureau says its investigation concluded the merger was "likely to substantially lessen competition" in Quebec City, Trois-Rivières, Sherbrooke and the Greater Montreal and Toronto areas, where Bell and Outfront had "vigorously" competed. It says the loss of the rivalry would result in higher prices and fewer options for customers in those regions. ADVERTISEMENT Bell Media president Sean Cohan says the closure of the acquisition marks a significant milestone for Bell and solidifies its position as the leading supplier of out-of-home advertising space. Before the competition watchdog imposed its conditions for the deal, experts had estimated the move would increase Bell's share of the out-of-home advertising
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News
- OUTFRONT Media (OUT) Sells its Canadian Business to Bell Media [Yahoo! Finance]Yahoo! Finance
- Bell closes deal to buy Outfront Media's Canadian business, must sell 669 ad spaces [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BCE's Bell Media Acquires OUTFRONT's Canada-Based Business [Yahoo! Finance]Yahoo! Finance
- OUTFRONT Media and Bell Media Announce Closing of the Sale of OUTFRONT Media's Canadian Business [Yahoo! Finance]Yahoo! Finance
- OUTFRONT Media and Bell Media Announce Closing of the Sale of OUTFRONT Media's Canadian BusinessPR Newswire
OUT
Earnings
- 5/2/24 - Miss
OUT
Sec Filings
- 6/14/24 - Form 8-K
- 6/10/24 - Form 4
- 6/10/24 - Form 4
- OUT's page on the SEC website