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 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 next day, the deal still clo…
Keep reading with a 7-day free trial
Subscribe to The Special Situation Report to keep reading this post and get 7 days of free access to the full post archives.