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ATLANTA Lamar Advertising, the nation’s third-largest outdoor-advertising company, is set to buy Obie Media in a $66 million deal, executives with Lamar said.
Lamar, based in Baton Rouge, La., will purchase all of Obie’s outstanding stock for about $43 million, or about $7 per share. Lamar also will assume about $23 million in debt with the purchase.
The deal has been approved by the board of directors for each company and is expected to close early next year, Lamar said.
Lamar
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