Rejected: WBD, Scripps refuse takeover offers
Back to the drawing board as merger media continues Tuesday saw more rejections happen than what Snoopy gets from his publisher. Scripps’ board unanimously rejected rival Sinclair’s $622 million takeover bid, stating it wasn’t in the best interest of their shareholders. Sinclair started buying up Scripps stock, up to 9.9 percent. That prompted Scripps to adopt a “poison pill” strategy, […]