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Outdoor Systems buys 3M unit

Published on .

Outdoor Systems, Phoenix, the largest U.S. outdoor ad company, purchased 3M Media's National Advertising Co., Bedford Park, Ill., for $1 billion. The acquisition requires government approval and is the latest in a string of mammoth transactions in the outdoor industry and will strengthen Outdoor Systems' position in California, Texas and Florida. The 3M Media unit will dissolve.

Copyright May 1997, Crain Communications Inc.

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