TPCO News and Press, Tribune Publishing Company From 04/05/21

Tribune Publishing Co.'s (TPCO) confirmed a report from yesterday that a $18.50/share rival offer is likely be superior to Alden Global's original $17.25 deal to purchase the newspaper publisher. Tribune gained 1.5% in premarket trading.A special committee of Tribune's boa...

Tribune Publishing Special Committee Determines Revised, Non-Binding Proposal From Stewart Bainum and Hansjörg Wyss Would Reasonably Be Expected to Lead to a "Superior Proposal" Definitive Binding Merger Agreement With Alden Global Capital Remains in Place PR Newswire ...

Tribune Publishing Co.'s (TPCO) is reportedly likely to say a fully financed $18.50/share rival offer is superior to Alden Global's original $17.25 deal to purchase the newspaper publisher.A special committee of Tribune's board is expected to announce that the bid from Choice Hotels Internati...

As rival bids heat up for Tribune Publishing (TPCO), the question in the air is: In which direction will billionaire Patrick Soon-Shiong cast his support? The Los Angeles Times owner holds the key to a Tribune sale with a 24% stake in the company. And he's not yet committed to the board-appro...

Merger activity increased last week. The bidding war for Coherent comes to an end. The acquisition of MSG Networks (MSGN) by Madison Square Garden Entertainment. For further details see: Merger Arbitrage Mondays - Multiple Deals In Bidding Wars

Tribune Publishing (TPCO) jumped to session highs, gaining 4.2%, after a Florida investor said he's willing to put $100M toward Maryland hotel magnate Stewart Bainum's  rival bid for the newspaper company.Mason Slaine, a technology investor who owns 3.4% stake in Tribune, told the W...

Swiss billionaire Hansjörg Wyss is said to be joining forces with Maryland hotel magnate Stewart Bainum in a bid for Tribune Publishing (TPCO) in attempt to trump the newspaper's deal with hedge fund Alden Global.Wyss, the former CEO of the medical device maker Synthes, agreed to pr...

Tribune Publishing (TPCO),  which is being acquired by Alden Global for $17.25/share, rose 2.6% after a regulator filing from yesterday indicated that the company received a non-binding offer for $18.50 last week.Maryland hotel magnate Stewart Bainum submitted a non-biding offer to ...

Tribune Publishing (TPCO) may see a new bidder emerge as hedge fund Alden Global's agreement to buy the newspaper chain has run into some obstacles, the New York Times reported.Maryland hotel magnate Stewart Bainum, who agreed to buy The Sun and two smaller Maryland papers as part of the Alde...

Tribune Publishing Company (TPCO): Q4 Non-GAAP EPS of -$0.12; GAAP EPS of -$0.02.Revenue of $192.65M (-19.5% Y/Y)Press Release For further details see: Tribune Publishing Company reports Q4 results