Jan 25 (Reuters) - Glacier Media Inc GVC.TO :
* GLACIER AND GVIC ANNOUNCE DEFINITIVE AGREEMENT WHEREBY GLACIER WILL ACQUIRE ALL CLASS B COMMON VOTING SHARES AND CLASS C NON-VOTING SHARES OF GVIC NOT ALREADY OWNED
* GLACIER MEDIA INC - GLACIER CURRENTLY OWNS 37.9% OF CLASS B COMMON VOTING SHARES AND 97.7% OF CLASS C NON-VOTING SHARES OF GVIC
* GLACIER MEDIA INC - EACH CLASS B COMMON VOTING SHARE AND CLASS C NON-VOTING SHARE OF GVIC WILL BE EXCHANGED FOR 0.8 OF COMMON SHARES OF GLACIER
* GLACIER MEDIA- UPON COMPLETION, SHAREHOLDERS OF GVIC, EXCLUDING GLACIER AND ITS SUBSIDIARY, WILL HOLD APPROXIMATELY 7.8 MILLION GLACIER SHARES