Sinclair Broadcast Group Inc. has agreed to purchase Tribune Media Co. for $3.9 billion in a deal cementing it as the largest television broadcaster in the country. Hunt-Valley based Sinclair expects it will pay about $43.50 per share and assume $2.7 billion in debt. Sinclair expects to fund the purchase through a combination of cash on hand, fully committed debt financing and by accessing the capital markets. The transaction has been unanimously approved by the boards of directors of both companies…
from http://www.bizjournals.com/baltimore/news/2017/05/08/sinclair-to-buy-tribune-media-for-3-9-billion.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/160443263262
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