Tegna: Can Go 24% Higher
- Tegna is a media company that owns Cars.com and CareerBuilder.com (among others).
- The company is exploring strategic alternatives for these two assets.
- Recent rumors confirm that a private equity is negotiating the acquisition of CareerBuilder, with valuations in line with our estimates.
- A sum of the parts provides a valuation of $31.7, offering a 24% upside from current levels.
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