Why Tegna Jumped Nearly 11% Today

Shares of television station conglomerate Tegna (NYSE: TGNA) ended Tuesday's trading session 10.7% higher than Monday's close, following the company's confirmation that it had received multiple official acquisition offers.

If the reporting rings a bell, there's a reason. Tegna stock also soared last week on unconfirmed whispers that prospective suitors were interested. The rumors, as it turns out, were true.

Image source: Getty Images.

Source Fool.com