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Originally published April 12, 2013 at 5:33 PM | Page modified April 12, 2013 at 5:34 PM

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Sinclair stock soars after news of Fisher deal

Seattle Times business staff

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Wall Street likes Sinclair Broadcasting’s $373 million purchase of Seattle-based Fisher Communications enough to push its market capitalization up by $467 million.

Following the Thursday premarket announcement, Sinclar shares rose 28 percent or $5.77 over two sessions to close at $26.70 Friday. That gave the Maryland operator of TV stations a market cap of $2.2 billion.

Fisher shares, which closed at $38.92 before the deal was disclosed, ended Thursday at $41.09 and were little changed Friday.

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