Gannett to Acquire Journal Media Group for $12.00 per share

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Go back to Gannett to Acquire Journal Media Group for $12.00 per share

Gannett (GCI) to Acquire Journal Media Group (JMG) in Net $280M Deal

October 8, 2015 7:06 AM EDT

Gannett (NYSE: GCI) and Journal Media Group, Inc. (NYSE: JMG) announced that they have entered into a definitive merger agreement under which Gannett will acquire all of the outstanding common stock of Journal Media Group for approximately $280 million, net of acquired cash.

Under the terms of the transaction, which was unanimously approved by the boards of directors of both companies and is subject to Journal Media Group shareholder approval, Journal Media Group shareholders will receive cash of $12.00 per share in cash. Based on the closing price of Journal... More