Nexstar, Tegna $6.2 Billion Merger to File Antitrust, FCC Paperwork by End of September

Nexstar and its rival Tegna will file paperwork for their pending $6.2 billion merger by Sept. 30. Under the terms of the agreement, the former will acquire the latter's outstanding shares for $22 per share - a 31% premium to the company's 30-day average stock price as of Aug. 8, the last closing stock price prior to media reports of a potential transaction. The deal is expected to close by the second half of 2026, subject to Tegna shareholder and regulatory approvals. Per a filing with the U.S. Securities and Exchange Commission, those regulatory approvals include clearance from the . . .