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Article: McCaw Cellular Communications begins tender offer for all shares of LIN Broadcasting.
- Article from:
- PR Newswire
- Article date:
- June 8, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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McCAW CELLULAR COMMUNICATIONS BEGINS TENDER OFFER
FOR ALL SHARES OF LIN BROADCASTING
KIRKLAND, Wash., June 8 /PRNewswire/ -- McCaw Cellular Communications, Inc. (NASDAQ: MCAWA) today announced that it has filed an Offer to Purchase with the Securities and Exchange Commission and has begun its cash tender offer for all outstanding shares of LIN Broadcasting Corporation.
As previously announced, McCaw Cellular is offering $120 cash per share, or a total of $5.85 billion, for the shares it doesn't already own. McCaw Cellular presently owns 9.8 percent of LIN's shares, and is the company's largest shareholder.
McCaw ...