By Ben Glickman


Shares of Outfront Media rose after the company said it would divest its Canadian business.

The stock was up 5.1% to $9.55 in Monday trading. Shares are down 42% this year.

The New York-based outdoor advertising company said it would sell its Canadian business to Bell Media, a subsidiary of BCE, for 410 million Canadian dollars ($298.9 million).

Outfront's Canadian business included 9,325 displays in 2022, generating $91.9 million in revenue.

The deal is expected to close in 2024.


Write to Ben Glickman at ben.glickman@wsj.com


(END) Dow Jones Newswires

10-23-23 1318ET