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Gannett Co Inc completes acquisition of Belo Corp


Monday, 23 Dec 2013 12:24pm EST 

Gannett Co Inc:Says it has completed its previously announced acquisition of Belo Corp. for $13.75 per share in cash, in addition to the assumption of $715 million of outstanding debt, for a total transaction value of $2.2 billion.Says J.P. Morgan Securities LLC provided financial advice and Nixon Peabody LLP, Covington & Burling LLP, and Paul Hastings LLP served as legal advisors to Gannett on the transaction.Says RBC Capital Markets, LLC provided financial advice and Wachtell, Lipton, Rosen & Katz and Wiley Rein LLP served as legal advisors to Belo. 

Company Quote

31.62
-0.17 -0.53%
11:42am EDT