Antitrust Authorities Clear Providence’s Buy of Outfront Media Entities

Antitrust authorities cleared the way for Providence Equity Partners to acquire Outfront Media entities. An FTC early termination notice dated Monday and released Tuesday ended the Hart-Scott-Rodino waiting period. Providence “will lead the purchase of $400 million in newly issued convertible preferred stock together with funds managed by Ares Management Corporation,” said the original announcement. The FTC issued a separate notice for Ares.