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TEGNA Acquired by Standard General

Tysons, Va. and New York – TEGNA Inc. (NYSE: TGNA) and Standard General L.P. announced that TEGNA and an affiliate of Standard General have entered into a definitive agreement under which TEGNA will be acquired by the Standard General affiliate for $24.00 per share in cash. The transaction has an equity value of approximately $5.4 billion and an enterprise value of approximately $8.6 billion, including the assumption of debt.

Read the full press release here.

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