TEGNA Shareholders Approve Merger
• TEGNA Inc. announced that at a special meeting of shareholders held earlier today, its shareholders voted to adopt the Agreement and Plan of Merger, dated as of February 22, 2022, pursuant to which TEGNA will be acquired by an affiliate of Standard General L.P.
According to the preliminary results announced at the special meeting, subject to certification by the independent Inspector of Election, approximately 78% of TEGNA’s outstanding common shares voted to adopt the Merger Agreement. Certified results will be filed on a Current Report on Form 8-K with the Securities and Exchange Commission and posted on TEGNA’s investor website, investors.tegna.com.
The transaction is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. Upon closing, TEGNA will become a private company, and its shares will no longer be traded on the New York Stock Exchange.
TEGNA owns 64 television stations in 51 U.S. markets, and retains two radio stations — Sports-Talk duo WBNS-FM (97.1 The Fan) & WBNS-AM (1460 ESPN)Columbus, OH.
