Media company E.W. Scripps has received an unexpected bid to buy it from Sinclair Broadcasting Group. The proposal, valued at 1.41% increase, was made without the companies’ prior knowledge. This follows last week’s revelation that Sinclair had bought around 8% of Scripps shares and engaged in discussions about a possible deal.
Source: https://www.wsj.com/business/media/scripps-confirms-unsolicited-sinclair-bid-06e3617f