Journal Media Group Shareholders Approve Merger with Gannett
02 3월 2016 - 1:58AM
Business Wire
Journal Media Group, Inc. (NYSE: JMG) today announced that its
shareholders approved the merger agreement providing for the
acquisition of Journal Media Group by Gannett Co., Inc. (NYSE:
GCI).
More than 92 percent of the shares voted at Journal Media
Group’s special meeting of shareholders today voted in favor of the
transaction, representing more than 71 percent of all outstanding
shares of Journal Media Group.
The merger remains subject to customary closing conditions,
including regulatory approval. The transaction is expected to close
in March 2016.
The previously announced merger agreement provides that
Journal Media Group shareholders will receive $12.00 in cash for
each share of Journal Media Group common stock.
“Today’s vote is an important step toward enabling our portfolio
of local media brands to better navigate the transformation of our
industry and continue to serve readers and advertisers with quality
content, products and services,” said Tim Stautberg, president and
chief executive officer of Journal Media Group. “We look forward to
joining Gannett’s USA Today Network with a commitment to
strengthening lives and communities.”
About Journal Media Group
Headquartered in Milwaukee, Journal Media Group (NYSE: JMG) is a
media company with print and digital publishing operations serving
14 U.S. markets in nine states, including the Milwaukee Journal
Sentinel, the Naples Daily News, The Commercial Appeal in Memphis,
and Ventura County Star in California. Formed in 2015 through a
merger of the newspaper operations of The E.W. Scripps Company and
Journal Communications, Inc., the company serves local communities
with daily newspapers, affiliated community publications, and a
growing portfolio of digital products that inform, engage and
empower readers and advertisers. Learn more at
www.journalmediagroup.com.
Forward-Looking Statements
This communication contains certain forward-looking statements
with respect to the financial condition, results of operations and
business of JMG and certain plans and objectives of JMG with
respect thereto, including certain matters relating to the proposed
merger with Gannett Co., Inc. These forward-looking statements
can be identified by the fact that they do not relate only to
historical or current facts. Forward-looking statements often use
words such as “anticipate”, “target”, “expect”, “estimate”,
“intend”, “plan”, “goal”, “believe”, “hope”, “aim”, “continue”,
“will”, “may”, “would”, “could” or “should” or other words of
similar meaning or the negative thereof. There are several factors
which could cause actual plans and results to differ materially
from those expressed or implied in forward-looking statements. Such
factors include, but are not limited to, uncertainties as to the
expected closing date of the proposed merger; potential disruption
from the proposed merger making it more difficult to maintain
business and operational relationships; the risk that unexpected
costs will be incurred; the risk of litigation and other legal
proceedings related to the proposed merger; changes in economic,
business or political conditions, licensing requirements or tax
matters; risks related to the timing (including possible delays) of
the expiration or termination of the applicable waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended; the possibility that the proposed merger does not close,
including, but not limited to, due to the failure to obtain
shareholder approval or the failure to satisfy the other closing
conditions; and the risk that the merger agreement may be
terminated in certain circumstances that require us to pay Gannett
a termination fee of $9 million. These forward-looking statements
are based on numerous assumptions and assessments made by JMG in
light of its experience and perception of historical trends,
current conditions, business strategies, operating environment,
future developments and other factors that it believes appropriate.
By their nature, forward-looking statements involve known and
unknown risks and uncertainties because they relate to events and
depend on circumstances that will occur in the future. The factors
described in the context of such forward-looking statements in this
communication could cause actual results, performance or
achievements, industry results and developments to differ
materially from those expressed in or implied by such
forward-looking statements. Although it is believed that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct and persons reading this communication
are therefore cautioned not to place undue reliance on these
forward-looking statements which speak only as at the date of this
communication. JMG does not assume any obligation to update the
information contained in this communication (whether as a result of
new information, future events or otherwise), except as required by
applicable law. A further list and description of risks and
uncertainties can be found in JMG’s Annual Report on Form 10-K
for the year ended December 31, 2014 and in its reports filed
on Form 10-Q and Form 8-K during 2015.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160301006628/en/
Journal Media Group, Inc.Jason Graham, 414-224-2363Senior Vice
President, CFO and TreasurerJason.Graham@jmg.com
Journal Media Grp., Inc. (NYSE:JMG)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Journal Media Grp., Inc. (NYSE:JMG)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024