Simpson Thacher Represents J.P. Morgan, Financial Advisor to Gannett, in Gannett’s Announced Acquisition of Belo for Approximately $1.5 Billion
06.13.13
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Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Gannett Co., Inc. in connection with Gannett’s announced acquisition of Belo Corp. for $13.75 per share in cash, or approximately $1.5 billion, plus the assumption of existing debt for an enterprise value of approximately $2.2 billion.
Gannett Co., Inc. (NYSE: GCI) is an international media and marketing solutions company that informs and engages more than 100 million people every month through its network of broadcast, digital, mobile and publishing properties. Television company Belo Corp. (NYSE: BLC) owns and operates 20 television stations (nine in the top 25 markets) and their associated websites.
The Simpson Thacher team includes Eric Swedenburg and Chi Pan (M&A).