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BofA Downgrades Univision After Sale

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“Bank of America on Friday downgraded Spanish-language broadcaster Univision Communications Inc., saying the stock has little room for movement a day after shareholders approved selling the company for $12.3 billion to a private group that includes media investor Haim Saban.

The deal, which also includes taking on $1.4 billion in Univision debt, values Univision at $36.25 per share.”

Posted on: September 29th, 2006
Curation from Tomás
Filed Under: 1. Hispanic News, Business
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