Television broadcaster Tegna Inc. is in advanced discussions with one of its largest shareholders, Standard General, about a potential buyout at about $24 a share, according to people familiar with the matter.
The deal would be backed by alternative asset manager Apollo Global Management Inc., which is in talks to receive preferred shares in Tegna and won’t have voting rights, the people said, asking not to be identified because the matter is private.
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February 05, 2022 at 04:16AM
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TV Broadcaster Tegna in Advanced Sale Talks With Standard General - Bloomberg
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