Nexstar Media Group Enters Into Definitive Agreement To Acquire Tegna For $6.2 Billion In Accretive Transaction
Aug 19 (Reuters) - Nexstar Media Group Inc NXST.O:
NEXSTAR MEDIA GROUP, INC. ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE TEGNA INC. FOR $6.2 BILLION IN ACCRETIVE TRANSACTION
NEXSTAR MEDIA GROUP INC - TO BUY TEGNA SHARES FOR $22 EACH
NEXSTAR MEDIA GROUP INC - TO BUY TEGNA FOR $6.2 BILLION
NEXSTAR MEDIA GROUP INC - TEGNA DEBT TO BE REFINANCED OR ASSUMED
NEXSTAR MEDIA GROUP INC - EXPECTS $300 MILLION IN ANNUAL SYNERGIES
NEXSTAR MEDIA GROUP INC: FOLLOWING COMPLETION OF TRANSACTION, COMBINED ENTITY WILL BE A LEADING LOCAL MEDIA COMPANY
NEXSTAR MEDIA GROUP INC: TEGNA DEBT WILL BE REFINANCED AND/OR ASSUMED AT CLOSE
NEXSTAR MEDIA GROUP: ADJUSTED FCF OF TEGNA & EXPECTED SYNERGIES FROM DEAL, TO BE OVER 40% ACCRETIVE TO CO'S STANDALONE ADJUSTED FCF IN FIRST FY AFTER CLOSING
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