Tegna announces $300 million buyback, dividend hike after scrapped merger deal with Standard General

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Shares of Tegna Inc. rose after hours on Monday after the TV-station operator announced a $300 million “accelerated” stock buyback and raised its quarterly...

Shares of Tegna Inc. TGNA rose after hours on Monday after the TV-station operator announced a $300 million “accelerated” stock buyback and raised its quarterly dividend by 20% following the termination of a merger deal with the hedge fund Standard General struck last year.

... Shares of Tegna Inc. TGNA rose after hours on Monday after the TV-station operator announced a $300 million “accelerated” stock buyback and raised its quarterly dividend by 20% following the termination of a merger deal with the hedge fund Standard General struck last year.

 

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