TVX Board Backs Enhanced Paramount Bid: New...
From Times Staff and Wire Reports
TVX Board Backs Enhanced Paramount Bid: New York-based Paramount Communications Inc. raised its offer for the 17% of TVX Broadcast Group Inc. stock it does not own to $9.50 a share from $7.50, and the TVX board recommended the offer. TVX, based in Virginia Beach, Va., owns and operates six independent television stations. The deal would cost about $63 million for the 7.1 million shares that Paramount does not own.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
