Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

New Media Announces European Commission Regulatory Clearance for Merger with Gannett

Posted by fidest press agency su sabato, 26 ottobre 2019

New Media Investment Group Inc. (“New Media” or the “Company”) (NYSE: NEWM) announced today that the European Commission has provided regulatory clearance under the EU Merger Regulation for the transactions contemplated by the previously announced definitive agreement, dated August 5, 2019, pursuant to which New Media will acquire Gannett Co., Inc. (“Gannett”) (NYSE: GCI) for a combination of cash and stock (the “Merger”). This concludes all regulatory reviews of the Merger.
The completion of the Merger remains subject to other customary closing conditions, including receipt of approval from New Media stockholders and Gannett stockholders. The Merger is expected to close shortly following the New Media and Gannett special stockholder meetings, which are currently scheduled for November 14, 2019.

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