Lamar Advertising Company (NasdaqGS:LAMR) acquired substantially all of the assets of Outdoor Advertising Business of MediaCo Holding Inc. (NasdaqCM:MDIA) for $78.6 million on December 9, 2022. The purchase price was $78.6 million, subject to certain purchase price adjustments, paid at closing in cash. Justin W. Chairman of Morgan, Lewis & Bockius LLP acted as a legal advisor to MediaCo Holding Inc. Dean P. Cazenave and Amanda S. Bourgeois of Kean Miller LLP acted as a legal advisor to Lamar Advertising Company.
Lamar Advertising Company (NasdaqGS:LAMR) completed the acquisition of substantially all of the assets of Outdoor Advertising Business of MediaCo Holding Inc. (NasdaqCM:MDIA) on December 9, 2022.