Media General Confirms Receipt of Unsolicited Proposal from Nexstar

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Go back to Media General Confirms Receipt of Unsolicited Proposal from Nexstar

Jefferies Upgrades Nexstar Broadcasting Group (NXST) to Buy

September 29, 2015 6:38 AM EDT

Jefferies upgraded Nexstar Broadcasting Group (NASDAQ: NXST) from Hold to Buy with a price target of $57.00.

Analyst John Janedis commented, "We think the recent weakness in NXST provides a good entry point in the stock and we are upgrading... More

Media General (MEG) Confirms Receipt of Proposal from Nexstar (NXST); Board Will Review Bid

September 28, 2015 9:09 AM EDT

Media General, Inc. (NYSE: MEG) today confirmed that it has received an unsolicited proposal from Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) to acquire all of the outstanding common stock of Media General for $14.50 per share in cash and stock, including $10.50 per share in cash and... More