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0.00536912751677853 0.0107382550335571 0.0126174496644296 0.0228187919463088 0.0939597315436242 0.135570469798658 0.138255033557047 0.0849395973154363
Stock impact report

Sinclair in Talks to Acquire E.W. Scripps as It Takes 8.2% Stake in Broadcasting Company [Yahoo! Finance]

E.W. Scripps Company (The) - Class A (SSP) 
Last e.w. scripps company (the) - class a earnings: 11/8 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Scripps as the local TV station contemplates a potential merger with the company. In an SEC filing , Sinclair said it acquired 6.28 million shares valued at approximately $15.6 million. It also noted that its board of directors and management team, alongside financial and legal advisors, have engaged in “constructive discussions” with E.W. Scripps for several months regarding a potential combination. Sinclair believes that a potential deal would offer “both near- and long-term value creation for shareholders of each company,” estimate more than $300 million in expected annual synergies. It added that holders of E.W. Scripps common stock would receive an ownership stake in the combined company that Sinclair estimates would be worth three times the former's average trading price. Sinclair expects a merger with E.W. Scripps could be completed within nine to 12 months of reaching a definitive agreement. It added that the proposed deal would require no external financing as the combi Show less Read more
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