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Sinclair provides an update on its merger proposal discussions with Scripps. The company has filed letters exchanged between the two companies with the SEC. Sinclair offered a premium of over 240% over Scripps' unadjusted share price. Scripps refused to engage in discussions, opting for a standalone plan. Sinclair's Board and management team are committed to unlocking the full potential of both businesses and driving value creation for shareholders.
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