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SPO Partners continues to invest in Lamar
By Lisa Kerner
Charlotte, N.C., July 15 - Investors led by SPO Partners II, LP increased their ownership stake in Lamar Advertising Co. to 22.7%, from 22% on June 26, with the purchase of 1,575,400 additional shares of the company's stock.
The shares were acquired between July 8 and July 14, a schedule 13D/A filing with the Securities and Exchange Commission reported.
According to the filing, the shares were priced from $31.90 to $34.21 each.
SPO now owns 17,457,084 shares of the Baton Rouge, La., outdoor advertising company.
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