Just A Week After Spin, CBS Outdoor Americas Announces Acquisition Of Van Wagner Assets

Less than a week after the completion of an exchange offer that fully separated it from former parent CBS (CBS), and its subsequent conversion to REIT status, CBS Outdoor (CBSO) has announced a major acquisition which will grow the company’s footprint significantly. The company will be purchasing approximately 1100 billboards from Van Wagner Communications, LLC for $690 million in…