Gabelli has released an update on Fisher Communications FSCI.
According to Gabelli, "Fisher announced that it had hired Moelis & Company to explore options to maximize the value of Fisher Plaza. Proceeds from a transaction would be used to redeem FSCI's 8.625% Senior Notes, or repurchase stock."
FSCI closed at $29.01 yesterday.
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Posted In: Analyst ColorAnalyst RatingsBroadcasting & Cable TVConsumer DiscretionaryFisher CommunicationsGabelli
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