The law firm of WeissLaw sent out a press release saying that they are going to investigate the deal of Tegna selling to Standard General.

The release says:

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of TEGNA Inc. ("TEGNA" or the "Company") (NYSE: TGNA), in connection with the proposed acquisition of the Company by an affiliate of Standard General L.P. ("Standard General").

It goes on to say:

WeissLaw LLP is investigating whether (i) TEGNA's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $24.00 per-share merger consideration adequately compensates TEGNA's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

This is often done when mega deals are made involving a publicly-traded company.

Still, it will be interesting to see what their findings show?