Insider hears from reliable sources that Lamar is buying the Fairway assets in 6 markets including north Georgia,North Carolina,South Carolina and Wisconsin today.  The purchase price is approximately $425 million.

The remaining Fairway Markets, including Indiana, Texas and Tennessee, will be be sold on a piecemeal basis in the future.

Lamar is usually quiet about acquisitions but Insider expects a public announcement because of the size of this transaction.

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