Tegna Inc. said that at a special meeting of shareholders held earlier today, its shareholders voted to adopt the merger with an affiliate of Standard General L.P. According to the preliminary results announced at the special meeting, subject to certification by the independent inspector of election, approximately 78% of Tegna’s outstanding common shares voted to adopt the merger agreement. Tegna said the transaction is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. Upon closing, Tegna will become a private company, and its shares will no longer be traded on the New York Stock Exchange.
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