Alden Global Capital is angling toward total ownership of Tribune Publishing, The New York Times and others reported.
In a Dec. 14 letter to the Tribune board, Alden proposed acquiring the Tribune shares it doesn’t currently have for $14.25 each. Alden currently owns 32 percent of the company.
Alden aims to take Tribune Publishing private, the Chicago Tribune reported.
Tribune Publishing has designated a special committee of its board to act on behalf of the company concerning Alden’s acquisition proposal.
The union representing the Chicago Tribune newsroom wants the three members on Tribune Publishing’s board who represent Alden Global Capital removed from the board, the paper reported.
Posts
No comments:
Post a Comment