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Media General Inc and LIN Media announce amendment to merger agreement


Wednesday, 20 Aug 2014 08:45am EDT 

Media General Inc and LIN Media LLC:Amendment their merger agreement for their strategic business combination originally announced on March 21.Boards of Directors of both companies unanimously approved the amendment to the merger agreement and continue to recommend approval of the transaction.The merger consideration for each LIN Media common share will now be either $25.97 in cash or 1.4714 shares of the new holding company.RBC Capital Markets, LLC is providing financial advice.Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal advisor to Media General.J.P. Morgan is providing financial advice and Weil, Gotshal & Manges LLP is serving as legal advisor to LIN Media. 

Company Quote

15.2
-0.05 -0.33%
18 Sep 2014