Tribune Publishing No. 2 Shareholder Supports Sale

Oaktree Capital Group LLC, the second largest shareholder in Tribune Publishing Co, wants the U.S. newspaper company to explore a sale, people familiar with the matter said on Monday.

Oaktree’s support for a sale of Tribune, the owner of the Chicago Tribune, Los Angeles Times and Orlando Sentinel, could help Gannett Co Inc’s campaign to buy the company. Last month, Gannett made an unsolicited takeover offer for Tribune at $12.25 per share in cash, in a deal worth roughly $815 million.

RSS
Follow by Email
Facebook
Facebook
Twitter
Visit Us
LinkedIn
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *