Charging that Media General deal to acquire Meredith is “value-destructive” and “ill-conceived,” Nexstar CEO Perry Sook says he is prepared to pay $14.50 for Media General, a 30% premium over Friday’s close. Sook said he had tried to buy Media General in August prior to its announcement to buy Meredith for $2.4 billion. The $4.1 billion price tag includes assumption of debt.
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