Apollo-Tegna Tango Continues
The statement read, “Tegna today confirmed it received a letter from Apollo in late February, 2019, stating that Apollo was interested in acquiring Tegna without specifying a price. Subsequently, in June 2019, Apollo made a different proposal, to combine Tegna with broadcasting assets Apollo is in the process of buying, in a transaction that would not have constituted a change of control of Tegna. Tegna does not intend to update this disclosure.” So there you have it… whatever that is.