Friday, September 09, 2016

Tronc abruptly cancels road show

Photo: Getty Images

So much for next week’s road show to promote Tronc stock.
The newspaper publisher formerly known as Tribune has abruptly cancelled the multi-city road show that was slated to begin on Monday, The Post has learned.
No reason for the cancellation was immediately available.
The existence of the road show, reported exclusively by The Post on Sept. 7, raised eyebrows because, according to sources, Tronc is in talks with Gannett over its roughly $18.50-a-share unsolicited offer for the Chicago company.
Some saw the scheduling of the road show, that was to be headed by two top executives, as a sign that the talks with Gannett weren’t proceeding smoothly.

No comments: