OUTFRONT Media (OUT) Sells its Canadian Business to Bell Media
OUTOUTFRONT Media(OUT) ZACKS·2024-06-12 02:01

OUTFRONT Media (OUT) announced the sale of its Canadian business to Bell Media, a wholly-owned subsidiary of BCE Inc. Subject to certain adjustments, the cash purchase price stands at C$410 million. The sale of OUTFRONT Media's Canadian business highlights the solid demand for out-of-home assets. This strategic move will allow OUTFRONT Media to lower its financial leverage and focus solely on managing its fully domestic business within the United States. OUTFRONT Media had previously entered into an agreeme ...