Nexstar Closes Tegna Deal Despite State Lawsuit – Merger Arbitrage Mondays
TEGNA (TGNA): $20.03 Market Cap: $3.24B Deal Value: $6.2B Usually, when multiple states file a lawsuit to block a merger from happening, it signals a long-winded process that can…
Written byAsif SuriaSource: InsideArbitrage
TEGNA (TGNA): $20.03 Market Cap: $3.24B Deal Value: $6.2B Usually, when multiple states file a lawsuit to block a merger from happening, it signals a long-winded process that can drag on until companies agree to offer remedies to satisfy regulators. But this week, we saw something unusual where a lawsuit was filed, and the very