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Sinclair Announces Public Stock Offering

Sinclair Broadcast Group is offering 12 million primary shares of Class A common stock. The company said it intends to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of Class A common stock on the same terms and conditions. Sinclair said the money raised will “be used to fund future potential acquisitions and for general corporate purposes.” It didn’t say how much it hopes to raise.

By TVNewsCheck | March 9, 2017 | 8:28 a.m. ET.
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