Lamar Plans Buyback

It sets a $250 million repurchase.
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Lamar Advertising

(LAMR) - Get Report

set plans to buy back $250 million worth of Class A common stock over 18 months.

The Baton Rouge, La., owner and operator of advertising and logo displays said it completed a similar program last month.

The repurchase program will be funded using working capital, availability under the company's revolving credit facility and future cash flows, Lamar said. The company has 86.3 million Class A shares and 15.6 million Class B shares outstanding.