Tegna Inc. (NYSE: TGNA) has announced that its shareholders have voted to adopt the agreement and plan of merger with Nexstar Media Group, Inc. The preliminary results indicate that approximately 98% of the total shares of Tegna's common stock voted at the special meeting were in favor of adopting the merger agreement, representing about 83% of the total outstanding shares of Tegna's common stock as of October 10, 2025.
The transaction is expected to close by the second half of 2026, subject to regulatory approvals and other customary closing conditions. Upon closing, Tegna will become a subsidiary of Nexstar Media Group, Inc., and its shares will no longer be traded on the New York Stock Exchange.
As for Tegna's financial performance, the press release does not provide specific metrics or changes in financials. As a result of these announcements, the company's shares have moved 1.55% on the market, and are now trading at a price of $19.965. Check out the company's full 8-K submission here.
