Fisher Communications turns down acquisition offer

By Lisa Kerner

Charlotte, N.C., June 23 - Fisher Communications, Inc.'s board of directors rejected an offer from an unnamed financial sponsor to acquire the company at a price of $43 to $45 per share in cash.

The unsolicited indication of interest was received in April, the Seattle-based communications company said.

Fisher's board determined the offer was not in its shareholders' best interests.

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