TPCO News and Press, Tribune Publishing Company From 04/30/21

Tribune Publishing (TPCO) bidder Stewart Bainum is said to be willing to add more of his own money for an offer for the newspaper publisher.Bainum is talking about doubling his cash in a potential bid to $200M and adding another $100M in debt funding, according to an earlier Bloomberg report....

Tribune Publishing (TPCO) rose about 1% on a report that billionaire Stewart Bainum is still working on an offer that would be higher than than the Alden Global deal.Bainum is said to be be making progress on replacing financing for his offer that went away when Hansjörg Wyss d...

Merger activity remained steady last week with six new deals announced. Kansas City Southern receives new superior offer. Three new bank mergers announced last week. For further details see: Merger Arbitrage Mondays - Bank Mergers Dominate

Tribune Publishing (TPCO) said the special committee of its board has determined that the alternative bid from hotel magnate Stewart Bainum is no longer "reasonably expected" to lead to a superior bid after Hansjörg Wyss reportedly dropped out of the bidding group.Tribune received a lett...

Tribune Publishing Special Committee Determines April 1 Proposal From Stewart Bainum and Hansjörg Wyss No Longer Reasonably Expected to Lead to a "Superior Proposal" Definitive Binding Merger Agreement With Alden Global Capital Remains in Place; Tribune Board Continues to R...

Swiss billionaire Hansjörg Wyss is said to be dropping out of a group bidding for Tribune Publishing (TPCO) after conducting due diligence over the past two weeks.Wyss was joined with Choice Hotels Chairman Stewart Bainum on an $18.50-share offer, which had topped a rival offer...

Genworth Financial finally terminates its deal with China Oceanwide. Tribune Publishing Company receives a revised, non-binding proposal from Newslight. Leaf Group to be acquired by Graham Holdings Company. For further details see: Merger Arbitrage Mondays - Leaf Group A...

Declining SPAC IPOs could indicate the SPAC bubble may have run its course. Brookfield Asset Management agrees to acquire Brookfield Property Partners after increasing its bid by 10%. Aggregate deal value in a highly competitive M&A space approaches $600 billion in Q1 202...

Shares of Tribune Publishing Company are on the rise after a bid to acquire the company has come into play. Tribune is already contracted to be acquired, but the new price from another suitor is certainly superior. A bidding war would certainly prove bullish to investors, while th...

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...