Tegna Inc. (NYSE:TGNA) rose 2.8% in after hours buying and selling after the termination date for its deliberate sale to Normal Normal was prolonged till Could 22.

The stroll date for deal was prolonged to Could 22 from Wednesday, based on an 8-Ok submitting on Tuesday. Normal Normal stated in a separate assertion that its expects the transaction to shut in March or April topic to Federal Communication Fee approval. The non-public fairness agency stated that every one ready intervals for the federal antitrust regulator had expired.

Buyers have been awaiting regulatory approval from the FCC and the Dept. of Justice. TV broadcaster Tegna (TGNA) in November agreed to increase the tip date for its sale to Normal Normal until February 22, which may very well be prolonged one other three months.

Normal Normal in December supplied some treatments to the regulators ,together with waiving some sure contractual rights, in an effort to appease regulators on the FCC and DOJ.

Final month Normal Normal’s Soo Kim stated he is optimistic that talks with regulators over the deliberate acquisition of Tegna (TGNA) had been nearer to the tip than the start.

Tegna (TGNA) in late February of final yr agreed to be bought to Normal Normal for $24/share.