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News  ›  GlobeNewswire Inc.

The E.W. Scripps Company board determines the Sinclair proposal is not in the best interests of the company and its shareholders

GlobeNewswire Inc. Logo GlobeNewswire Inc. By E.W. Scripps Company
The E.W. Scripps Company board determines the Sinclair proposal is not in the best interests of the company and its shareholders

The E.W. Scripps Company board unanimously rejected Sinclair's unsolicited $7 per share acquisition proposal, stating it does not serve the best interests of shareholders or the company.

Insights
JPMpL   neutral

Serving as a joint book-running manager for the offering, which is a standard investment banking service


SSP   neutral

Rejected the proposal but remains open to future value-enhancing opportunities