Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
Hearst Corp. on Monday boosted its offer price for the remaining stake in Hearst-Argyle Television Inc. by 12.5 percent.
Hearst, which already owns 67 percent of Hearst-Argyle’s common class A stock, raised its offer price by 50 cents a share to $4.50, a slight discount to Hearst-Argyle’s closing stock price on Friday of $4.55.
Based on discussions with a special committee of independent Hearst-Argyle board members, Hearst expects the committee to recommend that Hearst-Argyle shareholders accept the tender offer.
Hearst said it plans to commence a tender offer for the remaining shares within the next several days.
Last
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in