Mergers & Acquisitions

Gannett Announces Plans to Acquire Journal Media Group for $280 Million
October 8, 2015 at 2:54 pm

In a new agreement, Gannett Co. will acquire all of the outstanding common stock of Journal Media Group for approximately $280 million, net of acquired cash. Under the terms of the transaction, which was unanimously approved by the boards of directors of both companies and is subject to Journal Media Group shareholder approval, Journal Media Group shareholders will receive cash of $12 per share in cash.