Sinclair Extends Buyout Spree With $373M TV Operator Deal

Law360, New York (April 11, 2013, 5:07 PM EDT) -- Sinclair Broadcast Group Inc. will put up $373.3 million for Fisher Communications Inc. to bolster its position in West Coast television and radio markets, extending a deal-making spree that kicked off earlier this year, the company said Thursday.

In the deal, Fisher shareholders will receive a $41-per-share cash payout — a 44 percent premium over the stock's close on Jan. 9, the day before the company announced it was exploring strategic options that could include a sale. Sinclair said it will cover the purchase using a...
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