Lombardo, Cimilluca and Alpert report, “Alden Global Capital LLC, which is already Tribune’s largest shareholder with a 32% stake, has expressed interest in acquiring the shares of the publishing company it doesn’t own already for $14.25 a share, according to a filing with the Securities and Exchange Commission. The shares closed Wednesday at $12.79. The offer was made Dec. 14.
“The Wall Street Journal first reported Alden’s plans late Wednesday.
“Tribune has a market value of roughly $470 million after a yearslong slide as the prospects for local newspapers dim. Its shares are little changed this year and were up 8.8% premarket on low volume.”
Read more here.
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