Aug. 25 at 5:24 PM
$TGNA "It's time to say goodbye..." Selling now vs.
1. Waiting until H2 2026, which could mean the end of it vs. the beginning. (the yield from dividends would add only about 0.9%)
2. Right now 22.00 cash is offered, and I can only make about 4.1% vs. the 4.06% or so from here to closing based on the 21.14 current price. The total return would be about 5.4% with dividends and cash payout (0.9% higher if it closes early in H2).
3. Corporate bonds, 5-10 yr are paying about 5.1% (30 day SEC yield, which is an extrapolation for a year forward).
4. With Trump Admin in control it's more likely to go through, but you never know. Furthermore, they may "extort" (would have to be proven in court, hence the "") the deal making companies to do "this or that," for them to get the deal through as Trump just persuaded Paramount to pay him a bribe of
$16 M (protested by Colbert and many others).
5. The market doesn't think the Sinclair deal is viable based on the trading price vs. the rumor of
$25-30 per share in a "merger," which could mean stock only or cash and stock, which carries more risk for investors. Could happen, but there is also a breakup price for TNGA to exit the NexStar deal of
$120M.
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