Last week, Tribune Media Company (NYSE: TRCO) got the okay from stockholders to proceed with a merger with Nexstar Media Group. The companies had entered an agreement in December for Nexstar to acquire Tribune Media for $46.50 per share, for an approximate value of $6.4 billion, including the assumption of Tribune Media's outstanding debt. According to a Tribune Media news release, this represents a 15.5 percent premium on the stock's value as of November 30, 2018....
Home » Tribune Media Stockholders Approve $6.4 Billion Nexstar Merger
Hello There!
This premium content is exclusively reserved for Subscription Insider members.
Want access to premium member-only content, plus conference discounts and other benefits? We deliver the information you need for improved decision-making, skills, and profitability.