1. Kahn Swick & Foti are investigating TEGNA's sale to NXST. 2. TEGNA shareholders will receive $22 per share in cash. 3. There are concerns about the sale process and valuation. 4. Investigations may indicate potential legal challenges to the deal. 5. The outcome could affect NXST's acquisition strategy.
If NXST completes the acquisition, it will expand its market share and revenue. Previous successful acquisitions have historically driven NXST's stock price upwards.
This merger investigation could influence NXST's pricing dynamics significantly, similar to past M&A discussions.
The investigation could delay the acquisition, but if resolved positively, NXST's growth potential will increase over time, similar to the Tribune acquisition in 2019.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of TEGNA Inc. (NYSE:TGNA) to Nexstar Media Group, Inc. (NASDAQ:NXST). Under the terms of the proposed transaction, shareholders of TEGNA will receive $22.00 in cash for each share of TEGNA that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-tgna/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
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Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
855-768-1857
1100 Poydras St., Suite 960
New Orleans, LA 70163