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Sunday, 29 April 2018 15:47

MiBiz Growth Report: April 30, 2018

Here is the MiBiz Growth Report for April 30, 2018.

• M&A: New York City-based Standard Media Group LLC, a new investor-backed media company, has entered into a definitive agreement with Sinclair Broadcast Group Inc. of Hunt Valley, Md. to acquire Grand Rapids-based Fox 17 WXMI and eight other stations around the country. The $441.7 million cash deal would create a new media company affiliated with Standard General LP, an SEC-registered investment adviser that manages capital for public and private pension plans, endowments, foundations, and high net worth individuals. The deal, which is subject to regulatory approval, is expected to close in conjunction with the Sinclair-Tribune transaction. As MiBiz previously reported, Sinclair is trying to appease government regulators in a bid to finalize its $3.9 billion acquisition of Chicago-based Tribune Media Co., which currently owns Fox 17. 

Published in In the News

Contract research organization Kalexsyn Inc., formed in Kalamazoo after the Pfizer Inc. downsizing more than a decade ago, plans to sell to Dipharma Francis S.r.l, a European manufacturer of active pharmaceutical ingredients.

Published in In the News

KALAMAZOO — Western Michigan University expected it would need the better part of two decades to fill up its Business Technology and Research Park, but just a dozen years later, university officials are ready to pull down the vacancy signs — at least temporarily.

Published in Commercial Real Estate

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