Sinclair is selling as much as...
Sinclair is selling as much as $564.1 million in stock, the broadcaster said in a news release Thursday (http://bit.ly/12sCJF7). It said the offering, expected to be complete Tuesday, of 18 million shares and as many as 2.7 million more at…
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$27.25 apiece will “fund pending and future potential acquisitions” and “general corporate purposes.” The company agreed last month to buy Fisher Communications in a $373.3 million deal (CD April 16 p14), and also said Thursday it finished the purchase of four TV stations from Cox Media Group for $94.4 million (http://bit.ly/10v60gI).