Cablevision Systems Corp. agreed to acquire a 97% stake in Newsday Media Group from the Tribune Co. for $650 million. Here are some highlights of the deal:
Cablevision hired investment bankers Stefan Selig, James McVeigh, Scott Seaton and Richard Casavechia of Banc of America Securities LLC and also bankers from Merrill Lynch & Co. The law firms working on behalf of Cablevision were Hughes Hubbard & Reed LLP and Sullivan & Cromwell LLP.
The target hired Christina Moore of Citigroup Global Markets Inc. as its investment banker. Law firms McDermott Will & Emery, Sidley Austin LLP and Janofsky & Walker LLP worked on the deal.
For the full list of individuals who worked on the deal please check out Merger Arb Alert. - The editors
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