Byron Allen Among Bidders For Local TV Giant TEGNA

  • 📰 THR
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 16%
  • Publisher: 53%

Allen and Ares Management have submitted a joint bid for the company, which owns 64 local stations, as have Apollo and Standard General.

United States Headlines News

United States Latest News, United States Headlines

company with some 64 stations in 51 markets, confirmed Tuesday that it has received multiple acquisition proposals.

“Consistent with its fiduciary duty to TEGNA shareholders, the Board will carefully review and evaluate these proposals,” the company said in a statement.has confirmed that private equity giant Apollo made a joint bid with Standard General, and that mogulTuesday that the Allen-Ares bid was $23 per share, higher than Apollo’s $22 per share all-cash bid.

Allen and Apollo were previously circling TEGNA last year, however the company dropped sale plans in late March of 2020 due to the uncertainty of the novel coronavirus pandemic. That being said, the past year has been a surprisingly strong one for M&A in the local TV space.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rebecca Allen Left A Career In Banking To Make The Perfect Nude Heel For Every WomanAs millions of people leave their corporate jobs for the unknown world of entrepreneurship, it's important to learn lessons from the entrepreneurs who did it first. Rebecca Allen left a job at Goldman Sachs to create the staple nude heel for every woman.
Source: ForbesWomen - 🏆 477. / 51 Read more »

Legendary Debbie Allen receives the Governors AwardThis year's 73rd annual Primetime Emmy Awards are back in-person after a virtual ceremony last year. Follow here for live updates from the red carpet and the latest list of winners. Nice Icons. What a great photo. For anyone else who loves this kind of thing, go check out bygonebroadway on Instagram. Their posts always make me smile. Good for her. A legend
Source: CNN - 🏆 4. / 95 Read more »

Debbie Allen Accepts Emmys Governors Award With Tearful, Timer-Defying Speech“Claim your power, claim your voice, sing your song, tell your stories. It will make us a better place.” Emmys
Source: NYMag - 🏆 111. / 63 Read more »

Trump Organization, CFO Allen Weisselberg to Appear in Court MondayA court proceeding today opens what could be months of wrangling over evidence in a criminal case involving former President Donald Trump’s business affairs horrible Why does all this stuff take forever when it comes to someone who is either rich or powerful That really makes me wonder! nonsense - all these grifters should be locked up - the cat and mouse games have gone on way too long
Source: WSJ - 🏆 98. / 63 Read more »

Allen Stanford's Ponzi scheme recovery tops $1 billionA court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the receiver's lawyers said on Monday.
Source: Reuters - 🏆 2. / 97 Read more »

What We Know About Byron Calhoun: West Virginia’s Only High-Risk OB Who Says Abortion Is ‘Never Necessary’This Is Byron Calhoun: West Virginia’s Only High-Risk OB Who Says Abortion Is ‘Never Necessary’ “You know that Tucker Carlson & every other morally devoid right-wing talking head is going to latch on the unsubstantiated rants of this one whack-job.”
Source: ScaryMommy - 🏆 116. / 63 Read more »