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NEW YORK Univision Communications on Monday filed its first acquisition-related proxy with the U.S. Securities and Exchange Commission.
The filing indicates that Univision might have to pay a $300 million fee to the private equity consortium seeking to purchase the Spanish-language broadcaster if the deal is terminated under “certain circumstances.”
Those circumstances include entry into a different proposal or a reversal by Univision’s board of its recommendation in favor of the current proposal, according to the filing.
The
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