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Stock Market & Financial Investment News

News Breaks
April 4, 2014
05:59 EDTSNIScripps Networks upgraded to Buy from Hold at Wunderlich
Wunderlich upgraded Scripps Networks citing valuation and favorable advertising and rating trends. The firm raised its price target for shares to $90 from $86.
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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