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Sinclair Broadcast Group to Acquire Fisher Communications (SBGI, FSCI)

Shares of Sinclair Broadcast Group Inc. (NASDAQ: SBGI) rallied on Friday as the television station operator will soon be in a position to gain traction in the Western United States, thanks to its decision to acquire Fisher Communications Inc. (NASDAQ: FSCI).

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Major Movers on April 12; ASH, RAD, RATE, INFY, SBGI

Shares of Ashland Inc.(NYSE: ASH) jumped about 7.60% by midday trade after JANA Partners said late last evening that it has acquired 7.4% stake in the Company. Covington, KY based Ashland is a specialty chemical company, which provides products, services and solutions to wide ranging industries.

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