Meredith Corp. (MDP) Tops Q2 EPS by 2c; Updates FY16 EPS Outlook
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Nexstar Broadcasting (NXST) to Acquire Media General (MEG) in $4.6B Deal
January 27, 2016 8:47 AM ESTNexstar Broadcasting Group, Inc. (Nasdaq: NXST) and Media General, Inc. (NYSE: MEG) announced today that they have entered into a definitive merger agreement whereby Nexstar will acquire all outstanding shares of Media General for $10.55 per share in cash and 0.1249 of a share of Nexstar Class A common stock for each Media General share. The agreement includes potential additional consideration in the form of a contingent value right ("CVR") entitling Media General shareholders to net cash proceeds as received from the sale of Media General's spectrum in the Federal Communication... More
Meredith Corp. (MDP), Media General (MEG) Announce Termination of Merger Agreement
January 27, 2016 8:47 AM ESTMeredith Corporation (NYSE: MDP) and Media General, Inc. (NYSE: MEG) said today they have agreed to terminate immediately the binding merger agreement they entered into on September 8, 2015.
In exchange for terminating the merger agreement, Meredith will receive:
$60 million in cash payable... More