Ariel Investments LLC, the 11th-largest shareholder of Tegna Inc., said on Monday it was backing the company’s board in its proxy contest with hedge fund Standard General. “We have been very happy with [Tegna’s] performance. They have delivered solid results. They have made the right moves by making accretive acquisitions,” Ariel portfolio fund manager John Miller said.
Ariel Investments
April 26, 2024
Editor on Duty: Mark K. Miller
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