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Tegna +2.4% as Allen joins crowded bid room

Tegna (NYSE:TGNA) is on the move again premarket, up 2.4%, after the WSJ reported that entrepreneur Byron Allen jumped into the bidding for the broadcaster. Allen’s bid matches Apollo’s (NYSE:APO) $20/share all-cash bid, according to the report, and values Tegna at $4.4B (or $8.5B including debt). Gray Television (NYSE: …

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