Lamar Advertising Company Announces Increase in Tender Offer Price for 2?% Convertible Notes Due 2010 – Series B and Extends Expiration Date
Lamar Advertising Company (NASDAQ: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that in connection with the tender offer to purchase for cash any and all of its outstanding 2?% Convertible Notes due 2010 – Series B, it has increased the purchase price of the notes to $977.50 per $1,000 principal amount of notes tendered, plus accrued and unpaid interest up to, but not including, the payment date for the notes.