Media Coverage
Source: Law360
Media Coverage
09.08.15
A team of Pillsbury lawyers led by Communications partner Scott Flick advised Media General Inc. on regulatory matters in its merger with Meredith Corp., a deal valued at $3.1 billion, the two companies announced Tuesday. Law360 reports that the deal will create the third-largest TV station owner in the United States.
Terms of the deal state that Meredith shareholders will hold about 35 percent of the new company, while Media General shareholders will hold 65 percent. Meredith shareholders will receive $34.57 per share in cash and 1.5214 shares of the combined company. According to a statement, each Meredith share is valued at $51.52 and the deal includes Meredith’s net debt of $772 million. The new company will be called Meredith Media General.
Other members of the Pillsbury deal team were Communications partners Lauren Lynch Flick and Miles Mason, counsel David Burns and associate Jessica Nyman.
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