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Article: Liberty Media Signs Merger Agreement with Ascent Entertainment Group.
- Article from:
- PR Newswire
- Article date:
- April 7, 2000
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DENVER, Feb. 22 /PRNewswire/ --
Liberty Media Corporation (NYSE: LMG.A, LMG.B) and Ascent Entertainment Group, Inc. (Nasdaq: GOAL) announced today that they have entered into a definitive merger agreement under which Liberty Media will acquire Ascent Entertainment. Under the merger agreement, Ascent stockholders will receive $15.25 in cash per share of Ascent Entertainment Common Stock. The stock closed at $10.13 last Friday, February 18, 2000.
The total cost of the acquisition of Ascent's shares will be approximately $460 million, with a total transaction value, including assumed or refinanced debt, of approximately $755 million. Following the ...