The American economy is stronger, and consumers benefit, when assets are put to their best use. In a free and competitive market, businesses that can put assets to their best and highest valued use are those that are willing to pay the most for the assets. Americans should be concerned when such market transactions are blocked without good reason.
Consider recent efforts of Standard General to acquire for billions of dollars Tegna, one of the largest owners of local broadcast stations in the United States. Standard General believes that it can put Tegna’s assets to better use.
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