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Nexstar Broadcasting Group Inc. completed its previously announced acquisition of Media General Inc. in a cash and stock transaction worth about $4.6 billion.
Nexstar acquired all of the outstanding shares of Media General for $10.55 a share in cash, 0.1249 of one Nexstar class A common stock and one contingent value right, or CVR, for each Media General share. Each CVR will entitle former Media General stockholders to potential additional consideration from the net cash...