Gray Television, Inc.

NYSE:GTN   3:59:59 PM EDT
-0.38 (-1.83%)
Mergers / Acquisitions

Gray Amends Merger Agreement With Meredith Corporation

Published: 06/03/2021 10:56 GMT
Gray Television, Inc. (GTN) - Gray Amends Merger Agreement With Meredith Corporation.
Gray Television - Offered to Amend Parties' Merger Agreement to Increase Total Consideration to $16.99 per Share in Cash, Or $2.825 Billion in Enterprise Value.
Gray Television Inc - on June 2, 2021, Gray and Meredith Entered Into an Amendment to Reflect Revised Terms.
Gray Television Inc - Continues to Expect That Meredith Transaction, Even As Amended, Will Be Significantly Accretive to Free Cash Flow per Share.
Gray Television - Meredith Shareholders With Voting Control of About 87% of Class B Common Stock of Meredith Have Entered Voting & Support Agreement.