TEGNA To Complete Cars.com Spinoff May 31st, Receive Big Dividend

TEGNA’s (TGNA) Board of Directors officially approved the spinoff of Cars.com and expects the transaction to be completed on May 31st. TEGNA shareholders as of May 18th should receive 1 share of the new company for every 3 TGNA shares owned. Cars.com is expected to trade on the NYSE under the ticker ‘CARS’, which I think we can… Read More »