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Sinclair, Tribune extend merger closing date

Sinclair Broadcast Group Inc. and Tribune Media Co. have agreed with the U.S. Department of Justice to not close their proposed merger before Feb. 11.

Also, the companies will provide a 10-day advance notice to the DOJ that they intend to consummate the merger, according to a Form 8-K filed Feb. 6.

The companies had previously agreed not to consummate their merger before Jan. 30.

In May 2017, Sinclair agreed to buy 100% of the issued and outstanding shares of Tribune for $43.50 per share, for about $3.9 billion, plus the assumption of about $2.7 billion in net debt.