Sinclair Takeover Proposal Rebuffed By E.W. Scripps Board [Yahoo! Finance]
Nexstar Media Group, Inc. - Class A (NXST)
Last nexstar media group, inc. - class a earnings: 2/26 07:04 am
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Source: Yahoo! Finance
Scripps, whose assets also include the Ion broadcast network, said the board's decision was unanimous. It followed Sinclair's disclosure last month that it had taken an 8.2% stake in the company and offered to acquire the rest of its stock in a $7-a-share deal comprised of cash and stock. More from Deadline Netflix CEOs Call Warner Bros Deal "A Win For The Entertainment Industry," But Wall Street Isn't Convinced Warner Bros Discovery Battle Hinges On Value Of "CrapCo," But Are CNN & Cable Networks Really Worth Just A Buck A Share? Steven Bartlett's FlightStory Makes "Seven-Figure" Investment In Maggie Sellers Reum's Hot Smart Rich “The board is committed to acting in the best interests of all Scripps shareholders as well as the company's employees and the many communities and audiences it serves across the United States,” board chair Kim Williams said. “After careful consideration, Scripps' board determined that Sinclair's unsolicited acquisition proposal is not in the best
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