Sinclair Calls on Scripps to 'Engage With' Purchase Offer
Sinclair said Wednesday that it's “disappointed” that the E.W. Scripps board unanimously rejected its purchase offer (see 2512160079). The board turned down the offer “without engaging,” Sinclair said in a news release. The proposal “was responsive to concerns about Scripps’…
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communities, employees and shareholders” and would deliver “significant strategic and financial benefits for both companies and all shareholders,” the release said. “We call on Scripps to engage with us regarding our proposal.”