Broadcaster Tenga broke its silence about a swirl of suitors, acknowedging it received four unsolicited offers but saying it’s not currently in talks after two bidders withdrew and the proces…
Group and The Najafi Companies and Trinity Broadcasting Network in a joint bid. All three were said to be $20 a share in cash, or $8.5 billion.
“The Tegna’s Board and management have meaningfully engaged with third parties to explore opportunities to create value,” said Tegna’s chairman Howard Elias in a statement Sunday. “The Board has been, and remains, willing to consider transactions that create compelling value, and our focus now is on helping management navigate through an unprecedented environment.”
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