Tegna may see $22/share in potential sale to Nexstar - analyst

2 hours ago 1
TEGNA office building in Tysons Corner, Virginia, USA.

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Tegna (NYSE:TGNA) may see $22 a share in a possible sale to Nexstar (NASDAQ:NXST) after reports late Friday about takeover talks, according to a Wells Fargo analyst.

"Our most-probable scenario is $22/sh w/ 19% accretion to NXST's FCF/sh (incl. 4x max leverage)," Wells Fargo analyst Steven

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