1. Media General to Open Merger Talks with Nexstar, after Pressure from Starboard

    Media General to Open Merger Talks with Nexstar, after Pressure from Starboard

    Media General Inc. said it will open discussions with Nexstar Broadcasting Group Inc. , regarding Nexstar's unsolicited buyout bid launched in late September. The TV station operator said its board has unanimously rejected Nexstar's bid, saying it "significantly undervalues" the company, but will engage in private negotiations. Last week, New York hedge fund and activist investor Starboard Value ...

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