Scripps Rejects Sinclair Hostile Takeover Bid
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Television broadcaster E.W. Scripps Co. rejected an unsolicited bid from rival Sinclair Inc. to acquire the company for $7 a share in cash and stock, saying it wasn’t in the best interests of shareholders. “The board nonetheless remains open to evaluating opportunities to enhance shareholder value and will continue to consider any course of action, including any acquisition proposal, that is in the best interest of all shareholders,” Scripps Chair Kim Williams said in a statementBloomberg Terminal Tuesday.