Reuters - Sinclair Broadcast to Buy Fisher Communications

TV station operator Sinclair Broadcast Group Inc. said it will buy Fisher Communications Inc. for about $373 million to expand its operations in western United States, Reuters reported. The offer values Fisher at $41 per share, a premium of 5 percent to the stock's Wednesday closing price. It is 44 percent above the stock's closing on Jan. 9, a day before Fisher, under pressure from billionaire investor Mario Gabelli, said it was exploring strategic alternatives, including a sale.

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