Businessman and philanthropist H.F. “Gerry” Lenfest was poised Wednesday to become the sole majority owner of The Inquirer’s parent company after agreeing to buy out the son of his former partner, Lewis Katz.

Reached in Berlin by telephone Wednesday morning, Lenfest confirmed he expected an agreement to be completed during the day to purchase the interest of Drew Katz. He declined to provide details until it was completed.

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