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Leveraged loan issuance has plunged to $18.5 billion this year as of early May, an 82 percent drop compared to the same period last year.

Television station operator Tegna said Monday it has terminated its merger agreement with hedge fund Standard General after several regulatory hurdles.

Television station operator Tegna Inc. said on Monday it has terminated its merger agreement with hedge fund Standard General after several regulatory hurdles. Tegna last year agreed to be taken private by Standard General in a deal valued at $8.6 billion, including debt. At the time, the acquisition was expected to close in the second half of 2022. However, the deal attracted criticism from some members of Congress on concerns of potentially higher TV prices for consumers and job losses. Then, in February, the FCC decided to hold a hearing on the hedge fund's bid in a step that has his...

Hedge fund Standard General has terminated its acquisition agreement with US TV station operator Tegna, which manages 64 TV stations in 51 US markets, after failing to overcome a number of regulatory hurdles, according to a report by The New York Post.

Tuesday May 23, 2023 Trading Desk: (312) 236-8907 TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:30ET Philly Fed; 9:45ET S&P Global US Manufacturing PMI, Services PMI; 10:00ET New Home Sales, Richmond Fed Manufacturing Index Fed Chair Powell will be attending the New Democrat Coalition today to discuss the debt