Why CBS Outdoor Americas (CBSO) Stock Is Higher Tioday

NEW YORK (TheStreet) -- Shares of CBS Outdoor Americas  (CBSO) are up 2.63% to $33.91 after the company announced that it will purchase 1,100 billboards from Van Wagner Communications LLC for $690 million in cash.

Those billboards, located in 11 of the top U.S. markets, generated $206 million in revenue last year, the company said.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

CBSO ChartCBSO data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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