Tysons-based media company Tegna Inc. (NYSE: TGNA) confirmed Wednesday that it rejected an acquisition offer from Apollo Global Management LLC (NYSE: APO) earlier in 2019 — although the private equity giant didn’t name a price. The disclosure by the company, which owns dozens of television stations and digital news properties across the country, came after a Wall Street Journal story detailing an initial letter by Apollo to the Tegna board of directors in February. Despite the rejection, Apollo has remained in contact with the company over the last several months, according to Tegna.
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