Tronc Chairman Michael Ferro Buys 2.5 Million More Shares of Company

Tronc Chairman Michael Ferro has increased his stake in the company to nearly 25 percent — the maximum he can own — with the purchase of an additional 2.5 million shares last week from a New York hedge fund.

Ferro and his Merrick Venture Management paid $15 per share, or $37.5 million, to acquire the shares Friday from HG Vora, according to a Securities and Exchange Commission filing Wednesday.

 

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