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Stock Market & Financial Investment News

News Breaks
January 14, 2013
05:56 EDTSNIScripps Networks downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Scripps Networks citing valuation and weak viewership trends at the Food Network. The firm lowered its price target for shares to $65 from $76.
News For SNI From The Last 14 Days
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September 3, 2015
07:17 EDTSNIScripps Networks completes tender offer for TVN
Scripps Networks Interactive has concluded its tender offer for all outstanding shares of TVN, a Polish multi-platform media company. The company acquired approximately 46 percent of TVN shares at a cost of 3,134.4 million zloty, or approximately $833.1M, or 20.00 zloty -- approximately $5.32 -- per share, through the tender offer. Scripps Networks Interactive previously announced and completed the execution of its agreement to acquire 52.7 percent of TVN from ITI and Canal+ Group in March 2015 and subsequently stated its intention to acquire all remaining shares through a public tender offer. Scripps Networks Interactive now owns 98.8% of TVN, and the company will execute a squeeze out process to acquire all remaining outstanding TVN shares.

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