Gray Taps Lenders For Meredith Local Media Purchase Cash - NewsBreak

As announced in May, Gray Television has agreed to acquire Meredith Local Media. One month later, after an unsolicited counteroffer emerged, Gray sweetened its deal, agreeing to pay $2.825 billion in cash. Now, in order for Gray to satisfy terms that call for Meredith Corporation shareholders to receive $16.99 per...