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TGNA STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE SALE OF TEGNA INC. IS FAIR TO SHAREHOLDERS
February 22, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of TEGNA Inc. (NYSE: TGNA) to an affiliate of Standard General L.P. for $24.00 per share in cash is fair to TEGNA shareholders.
The investigation concerns whether TEGNA and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for TEGNA shareholders; (2) determine whether Standard General is underpaying for TEGNA; and (3) disclose all material information necessary for TEGNA shareholders to adequately assess and value the merger consideration. On behalf of TEGNA shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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