Now that Lamar is selling a $100 million stock to pay back investors, we thought we’d give you a look at how to get your own Lamar advertising equity, in one of the first major deals of the year.
We also looked at how much Lamar would be willing to pay for it.
Here’s how you can get your money back, and how to do it:Lamar bought Lamar in November, 2018, for $1.5 billion, and was trying to convince people to buy its stock.
The company had invested $500 million in its stock, and now it wanted to cash in.
Lamr’s marketing manager, Dan Burch, said that Lamr was the only company in the market that was willing to take on $1 billion in cash in exchange for its advertising.
The only way to make that happen was to give Lamr more cash, he said.
Lamar was also going to pay a cash dividend to investors, which would put the company on the right track.
The stock had an intrinsic value of $1 and an intrinsic price of $100,000, and it’s expected to rise more than 60% in the next five years.LAMAR’S DEALSLAMER, Calif.
— (AP) Lamr Inc. announced on Wednesday that it will buy $100 billion in shares of its stock at an initial public offering that’s expected this year.
The deal is worth more than $2 billion, but that figure doesn’t include the value of Lamr’s stock.
Investors who buy in the IPO will be able to earn a cash return of about $2.50 a share, plus cash distributions that could be worth up to about $700 million.
Lamy, the advertising company that owns Lamr, is giving the company $1 in cash for each share of stock it buys.
That gives Lamr a return of $10 a share.
Investors will receive an annual cash dividend of about 12 cents a share that could grow to 20 cents a year.
Lambar also has a $50 million revolving credit facility, which means the company will be paid back for each of the next 25 years.
That means the average annual cash payment over 25 years is $4.30, according to analysts at Morgan Stanley.
The sale is expected to close by the end of 2019, with the stock trading at $94.30.
The price was $94, and the closing price is $92.10.LAMAER: The History of Advertising with Lamar & BurchThe news comes as Lamr is trying to get out of debt and get back on its feet after a rocky start.
Llamar was acquired by Google in late 2018.
Llamar’s business has been hit by multiple lawsuits, including one filed in California by a former employee alleging that the company was in violation of a state law banning excessive advertising.
That case was settled out of court last year, and Lamar was awarded $50.2 million.
In a statement, Lamar said the sale was an “innovative approach” that “will enable us to grow in a sustainable way.”