Benzinga's M&A Chatter for Wednesday January 27, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday January 27, 2015 Nexstar Broadcasting to Acquire Media General for $4.6B in Cash, Stock The Deal:
Nexstar Broadcasting Group, Inc. NXST and Media General, Inc. MEG announced Wednesday, that they have entered into a definitive merger agreement whereby Nexstar will acquire all outstanding shares of Media General for $10.55 per share in cash, plus 0.1249 shares of Nexstar Class A common stock for each Media General share. The deal also includes contingent value rights entitling Media General shareholders to net cash proceeds as received from the sale of Media General's spectrum in the FCC's upcoming Incentive Auction. Meredith will receive a $60 million termination fee, The deal is expected to be completed late in Q3 or early Q4 of 2016. Media General closed at $16.19 on Wednesday up $0.06. Nexstar fell 4.58%, closing at $46.89. Meredith closed at $40.88, up 5.09%. CyberArk Software CEO Says Co Focused on Building Business Independently The CEO Comments:
CyberArk Software's CYBR CEO said his company is focused on building its business independently, according to Reuters. On January 13, Israel's Haaretz reported that Israeli financial newspaper TheMarker reported that Check Point Software Technologies CHKP, was in acquisition talks with CyberArk. Udi Mokady said the goal was to build a large company, but would do what was right for shareholders. Cyber Ark closed at $42.16 on Wednesday, down 2%. Enbridge Acquires Montney Natural Gas Assets from Murphy Oil for $538M The Deal:
Enbridge Inc. ENB announced Wednesday, the acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C., from the Canadian subsidiary of Murphy Oil Corporation MUR for $538M. The transaction is subject to regulatory review and approval. Enbridge closed at $32.17 on Wednesday, down 1.29%.