Movers and SHAKERS
Gannett Company (GCI)
Did Gannett Get The Most It Could?
Gannett Co., Inc. operates as a news and information company. It operates in three segments: Publishing, Digital, and Broadcasting.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Two of the largest publishers to merge. New Media Investment Group (NEWM: not covered) plans to buy Gannett for roughly $1.4 billion in a cash and stock transaction. Upon shareholder approval, Gannett shareholders will receive $6.25 per share in cash and 0.5427 shares of New Media for each GCI share, for a total consideration of $11.62 based on the closing price of NEWM shares on August 5th.
- Approval appears likely. We do not foresee regulatory issues or problems with shareholder approval by each company. As such, we anticipate....
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.