Tuesday 05. May 2009
Special Committee of The Board of Directors of Hearst-Argyle Television Recommends Stockholders Accept Hearst Corporation Tender Offer
Hearst-Argyle Television, Inc. (NYSE:HTV) today announced that the Special Committee of its Board of Directors has unanimously determined that the tender offer of The Hearst Corporation, which was commenced today, to acquire all of the outstanding shares of Hearst-Argyle Television’s Series A Common Stock not owned by The Hearst Corporation at a price of $4.50 per share is fair to Hearst-Argyle Television stockholders, other than The Hearst Corporation and its affiliates.