NEW YORK-Metromedia International Group Inc. and PLD Telekom Inc. announced they have entered into a merger agreement under which Metromedia will acquire the stock of PLD Telekom. PLD Telekom would merge with a new subsidiary of Metromedia.
Holders of PLD stock will receive shares of Metromedia common stock on an exchange ratio that values each share of PLD Telekom stock at $3.50, provided the average Metromedia price per share is between $5.25 and $6.25 at closing.
