TITLE

Investors Slam Hearst-Argyle's Offer

AUTHOR(S)
Farrell, Mike
PUB. DATE
September 2007
SOURCE
Multichannel News;9/3/2007, Vol. 28 Issue 35, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the call of some investors for Hearst Corp. to reject its tender offer for the remaining 27% of Hearst-Argyle Television Inc. it does not own. If such deal is completed, Hearst-Argyle will become a wholly-owned subsidiary of the company. Marathon Partners stresses the inadequacy of the offer. Television analyst John Blackledge asserts that such offer is too low for shareholders.
ACCESSION #
26460896

 

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