GateHouse and Gannett Get Green Light from DOJ to Merge
Deal is worth an estimated $1.4 billion in cash and stock.
The Department of Justice has given New Media Investment Group, parent of GateHouse Media, and Gannett Co., Inc., owner of more than 100 local media brands, the green light to merge in a cash and stock deal worth $1.4 billion, reports Fox Business. New Media is buying Gannett for $12.06 per share. The companies are still awaiting approval from European regulators and stockholders. New Media and Gannett both have special meetings to vote on deal set for November 14. The deal is expected to close by the end of 2019.
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