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Stock impact report

Judge grants temporary restraining order pausing Nexstar's acquisition of TEGNA [Yahoo! Finance]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Yahoo! Finance
The Federal Communications Commission and U.S. Department of Justice approved the merger last week. Just one day before the announcement that the deal had closed, a coalition of eight states, including Oregon, sued to block the buyout . Joining Oregon were California, New York, Colorado, ?Connecticut, Illinois, North Carolina, and Virginia. On Friday evening, Colorado Attorney General Phil Weiser said on social media that a U.S. District Court judge issued a temporary restraining order which blocks the two companies from merger pending an April 7 hearing. The order halts Nexstar from combining stations or terminating employees. Though the same judge is considering the case brought by the states, the order was actually issued in response to a separate lawsuit filed last week by DirecTV, which alleged that the proposed sale violates federal antitrust laws and would hurt consumers by driving up prices. "Nexstar admits the merger will greatly increase its already huge 'scale' and Show less Read more
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