CBS Outdoor Americas Inc. ($CBSO) acquired 1,100 large billboard displayers in 11 top U.S. markets (e.g. NY’s Time Square & LA’s Sunset Strip) from @VanWagner for $690MM in cash. The assets acquired generated $206MM in revenue last year. This move makes CBSO more competitive against Lamar Advertising Co. ($LAMR) and Clear Channel Outdoor Holdings Inc. ($CCO). - Link