NXST - The Merger: Buy Nexstar Media And Hold Tribune Media
Nexstar will Merge Tribune into its Operations
Nexstar Media Group, Inc. (NASDAQ:NXST) will merge Tribune Media Company (NYSE:TRCO) into Nexstar’s operations. Nexstar will acquire all of Tribune’s outstanding shares for $46.50 per share in a cash transaction.
Management for Nexstar stated in their press release:
Nexstar has long viewed the acquisition of Tribune Media as a strategically, financially and operationally compelling opportunity that brings immediate value to shareholders of both companies.
Management for Tribune stated in their press release,
We're extremely pleased with today's vote. It confirms that our