Hexagon succesfully completed their tender offer for NovAtel (NGPS) shares, with over 93% of the outstanding shares tendered during the offer period. This will allow Hexagon to acquire the remaining shares using a compulsory acquisition to complete the merger.
Harrah's (HET) announced that they have received approval of their buyout from another state regulatory board, and that several approvals are still pending.
The Chairman of the FCC said that he has submitted a plan to the other commission members that would grant Tribune (TRB) waivers that would allow the company to own both a newspaper and a broadcast station in the same market until the commission votes on a permanent rule on such combinations, and said that the buyout could receive FCC approval as early as Friday. Tribune issued a press release stating that they were pleased with Chairman's proposal that would allow them to complete the merger before the end of the year.