What To Know About Tribune Publishing's New $680M Acquisition Bid
Tribune Publishing Company (NASDAQ: TPCO ) has acknowledged the receipt of a $680 million acquisition proposal from Newslight LLC, a joint venture owned by Stewart W. Bainum Jr., chairman of Choice Hotels International Inc (NYSE: CHH ) and Hansjörg Wyss, the former CEO of the medical device manufacturer Synthes. What Happened: The hedge fund Alden Global Capital, which owns roughly 32% stake in Tribune Publishing, had planned to purchase all of its newspaper assets and then sell the Baltimore Sun and two smaller Maryland newspapers for $65 million to a nonprofit controlled by Bainum. When Bainum … Full story available on Benzinga.com
What To Know About Tribune Publishing's New $680M Acquisition Bid
Tribune Publishing Company (NASDAQ: TPCO ) has acknowledged the receipt of a $680 million acquisition proposal from Newslight LLC, a joint venture owned by Stewart W. Bainum Jr., chairman of Choice Hotels International Inc (NYSE: CHH ) and Hansjörg Wyss, the former CEO of the medical device manufacturer Synthes. What Happened: The hedge fund Alden Global Capital, which owns roughly 32% stake in Tribune Publishing, had planned to purchase all of its newspaper assets and then sell the Baltimore Sun and two smaller Maryland newspapers for $65 million to a nonprofit controlled by Bainum. When Bainum … Full story available on Benzinga.com