Sinclair Eyes Scripps for Broadcast Merger – Merger Arbitrage Mondays
The E.W. Scripps Company (SSP): $4.25
Market Cap: $376.71M
Offer Size: $693M
In the holiday-shortened week, merger activity slowed down significantly. However, there was one interesting situation in the broadcasting industry that could be opportunistic for arbitrageurs: a potential deal between U.S. broadcaster Sinclair (SBGI) and its smaller rival E.W. Sc…
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