Nexstar last week privately offered a package about $16.30 a share in cash and stock based on Tuesday’s close, The Wall Street Journal is reporting, citing unnamed sources. Media General rejected that bid and instead made a counterproposal seeking about $18.60 a share, which Nexstar deemed too rich, the story says. The Nexstar proposal values Media General at about $1.85 billion. Journal subscribers can read the full story here.
April 24, 2024
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Editor on Duty: Mark K. Miller
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