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Media M&A image Media M&A » By The Online Investor Staff, updated Mon., Jul. 13, 2:49 PM Recent mergers and acquisitions in the Media M&A category.

Slide #20. Media General LIN Media

Acquirer: Media General (MEG)
Acquiree: LIN Media (LIN)
Details: Media General, Inc. (NYSE:MEG) and LIN Media LLC (NYSE:LIN) today announced a definitive merger agreement that will create the second largest pure-play television broadcasting company in the U.S. Under the terms of the agreement, and based on Media General's trailing 20-day volume weighted average price on March 19, 2014, the shareholders of LIN Media will receive aggregate consideration valued at $1.6 billion in a combination of stock and cash, or approximately $27.82 per share if prorated ratably, which represents a 28% premium to LIN Media's trailing 20-day volume weighted average price on March 19, 2014. Based on LIN Media's pro forma net debt balance of $968 million at December 31, 2013, the transaction enterprise value is approximately $2.6 billion.

Media General owns, operates or services network-affiliated stations and their associated digital media and mobile platforms. As of Dec 31 2015, Co. had two reportable segments: Broadcast, which included 71 television stations that were either owned, operated or serviced by Co. in 48 U.S. markets, all of which were engaged principally in the sale of television advertising; and Digital, which included the operating results of Co.'s digital businesses as well as the business operations related to the television station companion websites. Co. also provides advertising airtime to certain customers in exchange for products and services.

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Media General owns, operates or services network-affiliated stations and their associated digital media and mobile platforms. As of Dec 31 2015, Co. had two reportable segments: Broadcast, which included 71 television stations that were either owned, operated or serviced by Co. in 48 U.S. markets, all of which were engaged principally in the sale of television advertising; and Digital, which included the operating results of Co.'s digital businesses as well as the business operations related to the television station companion websites. Co. also provides advertising airtime to certain customers in exchange for products and services.

Open the LIN Page at The Online Investor »

Company Name: 
Media General Inc (New)
Stock buyback: 
MEG buyback
Website: 
www.mediageneral.com
Sector: 
Television & Radio
Company Name: 
Linde plc
Stock buyback: 
LIN buyback
Website: 
www.linde.com
Sector: 
Specialty Chemicals
Number of ETFs Holding LIN: 
92
Total Market Value Held by ETFs: 
$12.65B
Total Market Capitalization: 
$116.56B
% of Market Cap. Held by ETFs: 
10.85%
 

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