Sinclair Broadcast Group Inc said it will purchase TV station operator Fisher Communications Inc for about $373 million. The offer values Fisher at $41 per share, a premium of 5 percent to the stock's Wednesday closing price.
Fisher Communications, Inc. (Fisher) is an integrated media company. Shares of FSCI remained unchanged at $38.92. In the past year, the shares have traded as low as $22.76 and as high as $39.87. On average, 21400 shares of FSCI exchange hands on a given day and today's volume is recorded at 0.
Sinclair Broadcast Group, Inc. is diversified television broadcasting company. Shares of SBGI remained unchanged at $21.83. In the past year, the shares have traded as low as $7.82 and as high as $22.08. On average, 902012 shares of SBGI exchange hands on a given day and today's volume is recorded at 0.
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