By Mark Lacter
That's what the WSJ's M&A guy Dennis Berman just posted, based on three sources. And Tribune stock, after falling sharply this morning, is back up over $33 a share. Berman notes that the company received a solvency opinion from a third party adviser, which supposedly will provide comfort to all parties - as will the pending sale of the Cubs, which is expected to go for over $1 billion. That money will help in making debt payments. The Journal post says that the deal will be completed tomorrow.
Wednesday, December 19, 2007
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