Gannett completes acquisition of Belo for $2.2B Gannett (GCI) has completed its previously announced acquisition of Belo Corp. (BLC) for $13.75 per share in cash, in addition to the assumption of $715M of outstanding debt, for a total transaction value of $2.2B. The closing of the transaction follows the receipt of all necessary regulatory approvals and approval of the transaction by Belo shareholders. With the closing of the transaction, Belo common stock will cease trading and will no longer be listed on the NYSE.
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