Sinclair Broadcast Group, Inc. (SBGI) said Friday that the Federal Communications Commission and the Department of Justice have approved the company's $985 million purchase of TV stations owned by Allbritton Communications Co.
Sinclair said it plans to close the deal on August 1.
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El Pollo Loco Holdings (LOCO) has begun trading for the first time Friday morning. The company priced its initial public offering of 7,142,857 shares of common stock at a price to the public of $15.00 per share.
El Pollo Loco is now up 3.99 at $18.99 on 3.9 million shares.