Nexstar Broadcasting Group, Inc. NXST (the “Company”) today
announced that selling stockholders, funds affiliated with ABRY Partners, LLC,
intend to offer for sale in an underwritten offering 8.0 million shares of
Class A common stock of the Company. In addition, the selling stockholders
have granted the underwriters a 30-day option to purchase up to an additional
1.2 million shares of Class A common stock on the same terms and conditions.
Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC and UBS
Securities LLC are the joint book-running managers of the offering. RBC
Capital Markets, LLC and Evercore Group L.L.C. are acting as co-managers of
the offering.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in