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TEGNA offers investors a solid return to wait for the completion of the buyout by Standard General.
Over the last few years we have done quite well investing in the media industry by focusing on
Special Situation: TEGNA Offers Investors Potential 11%+ Return
Summary
- TGNA's merger agreement incentivizes Standard General to close the deal sooner rather than later.
- With the recent pullback in share price, investors can now buy shares and potentially make over 11% assuming the deal closes.
- Investors could also collect at least two more dividend payments, depending on when the deal closes.
Follow us on Twitter here: @theinvestar Previously a Trader/Portfolio Manager for a Treasury Office managing anywhere from $10-20 billion (treasury assets, retirement benefits, endowment related funds), currently part of a team that oversees an outside investment manager managing almost $30 billion. Previously the founder of theinvestar.com, LLC. theinvestar.com, LLC was a leading news provider on the potash and uranium mining industries supplying data services, commentary, interviews, investment news, newsletters and quarterly industry publications.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TGNA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
We may purchase more shares or options in TGNA moving forward.
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