Saturday, May 07, 2016

Investigation over rejected Takeover of Tribune Publishing Co (NYSE:TPUB)

An investigation for investors, who currently hold Tribune Publishing Co (NYSE:TPUB) shares, is ongoing concerning whether a potential takeover of Tribune Publishing Co would be fair.
Investors who purchased shares of the Tribune Publishing Co (NYSE:TPUB) and currently hold any of those Tribune Publishing Co (NYSE:TPUB shares have certain options and should contact the Shareholders Foundation at or call +1(858) 779 – 1554.
The investigation by a law firm is at an early stage and concerns whether a takeover would be fair to NYSE:TPUB investors.
On May 04, 2016 Tribune Publishing Co (NYSE:TPUB) announced that it’s board of directors rejected the offer from April 12 by Gannett Co., Inc. (NYSE: GCI) to acquire all outstanding shares of Tribune Publishing common stock for $12.25 per share in cash.
However, given that at least one analyst has set the high target price for NYSE:TPUB shares at $18.00 per share and that shares of Tribune Publishing Co (NYSE:TPUB) closed on May 4, 2016, at $11.02 per share, the investigation a law firm concerns whether the Tribune Publishing board of directors is maximize shareholder value by rejecting the offer, and acts in the shareholders’ best interests in connection with the proposed sale.
Those who are current investors in NYSE:TPUB shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
Source: Ground Report

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