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January 2, 2014
14:07 EDTLAMRLamar Advertising still pursuing conversion to REIT
In a regulatory filing, Lamar Advertising said as previously announced, Lamar Advertising Company is actively considering an election to convert to real estate investment trust, REIT, status.In conjunction with that review, the company submitted a private letter ruling request to the U.S. Internal Revenue Service in November, 2012 regarding a potential REIT election.
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April 16, 2014
15:10 EDTLAMRCBS Outdoor, other REIT seekers rise after IRS ruling
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14:47 EDTLAMRIron Mountain, Lamar Advertising higher after IRS ruling on CBS Outdoor
Shares of Iron Mountain (IRM), up 3%, and Lamar Advertising (LAMR), up 4%, are higher after the IRS approved CBS Outdoor's (CBSO) plan to convert to a REIT. Iron Mountain and Lamar have both been seeking to gain REIT status with the IRS. Shares of CBS Outdoor are also higher, up more than 5%, following the announcement, as are shares of its parent company, CBS (CBS), up more than 2%.
05:52 EDTLAMRStocks with implied volatility movement; LAMR WYNN
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