December 18, 2017 / 10:16 PM / a year ago

BRIEF-Tegna To Acquire Midwest Television's Broadcasting Stations In San Diego

Dec 18 (Reuters) - Tegna Inc:

* TEGNA TO ACQUIRE MIDWEST TELEVISION, INC.’S BROADCASTING STATIONS IN SAN DIEGO, CA

* TEGNA INC - DEAL FOR $325 MILLION IN CASH

* TEGNA INC - DEAL FOR $325 MILLION IN CASH

* TEGNA INC - EXPECTS TRANSACTION TO BE ACCRETIVE TO EPS BY A FEW CENTS WITHIN FIRST 12 MONTHS AFTER CLOSE

* TEGNA INC - TEGNA WILL FINANCE TRANSACTION THROUGH USE OF AVAILABLE CASH AND BORROWING UNDER ITS EXISTING CREDIT FACILITY

* TEGNA INC - EXPECTS TRANSACTION TO BE IMMEDIATELY ACCRETIVE TO FREE CASH FLOW Source text for Eikon: Further company coverage:

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