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Tegna Receives Takeover Offers

(Image credit: Tegna)

 TYSONS, Va.—Tegna has announced that the company has received takeover offers and said it is reviewing them. 

“Tegna today confirmed the company has recently received acquisition proposals,” the company said in a September 21, statement. “Consistent with its fiduciary duty to Tegna shareholders, the Board will carefully review and evaluate these proposals.”

Various reports have said that Byron Allen, who made a $8.5 billion bid for Tegna in 2020, Apollo Global Management and Standard General are interested in the company

In 2020, Tegna received several takeover proposals but those were put on hold due to economic uncertainty during the pandemic.