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Jagran group acquires Mid-Day’s newspaper and web business


May 08, 2010

It was cooking for a while and it happened yesterday. Jagran Prakashan announced on 5 May 2010 that it will acquire all the print business of Mid-Day Multimedia. The deal is done without any cash outgo although the Jagran group is sitting on a pile of cash. Mid-Day shareholders will get two shares of Jagran for every seven shares of Mid-Day Multimedia.  ...cont´d

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