Jefferies Upgrades Nexstar Broadcasting Group (NXST) to Buy
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Media General Confirms Receipt of Unsolicited Proposal from Nexstar
September 28, 2015 9:08 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- Media General, Inc. (NYSE: MEG; www.mediageneral.com) (Media General or the Company) 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 a fixed ratio of... More
Nexstar Broadcasting Proposes to Acquire Media General for $14.50 Per Share in Accretive Cash and Stock Transaction Valued at $4.1 Billion
September 28, 2015 6:45 AM EDTProposal Provides 30% Premium to Media General Shareholders
Combining Nexstar and Media General Would Create Leading Pure-Play Broadcaster with Enhanced Scale and Substantial Free Cash Flow
Combination Would Be Well Positioned To Deliver Superior Immediate and Long-Term Shareholder Value Compared to Proposed Media General/Meredith Combination
IRVING, Texas--(BUSINESS WIRE)-- Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today a proposal to acquire Media General, Inc. (NYSE: MEG) for $10.50 per share... More
