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BRIEF-Gray Television to acquire WCAX-TV

May 4 Gray Television Inc

* Gray to acquire WCAX-TV in Burlington, Vermont

* Deal for $29.0 million

* Gray Television Inc - anticipate that transaction will be leverage neutral, immediately free cash flow accretive

* Gray Television-deal will be funded primarily through use of cash on hand at closing and, if necessary, borrowings under existing senior credit facility Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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