trending Market Intelligence /marketintelligence/en/news-insights/trending/2V9pF50uOR-sfKGjWEDQBg2 content esgSubNav
In This List

CTC Media expects cash-out merger to close by mid-May

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles


CTC Media expects cash-out merger to close by mid-May

CTC Media Inc.expects its cash-out merger transaction to close by mid-May.

CTC Media said April 29 that the deal will close once it receivesa pending tax refund from the Internal Revenue Service of the U.S. The company expectsconsideration of its merger to be $2.05 per share, with the total amount availablefor distribution to be $239 million.

The Office of Foreign Assets Control of the U.S. Treasury Departmentin March authorized thecompany to proceed with the merger.