Chatham Wins Auction to Buy McClatchy, Will Seek Final Approval from Bankruptcy Court

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Chatham Asset Management, the New Jersey hedge fund that is McClatchy Co.’s largest creditor, has won an auction to buy the bankrupt local news company.

Under the proposed deal that will be submitted to the bankruptcy court for approval, Chatham would buy the entire company, McClatchy said Sunday.

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Read more here: https://www.mcclatchydc.com/news/nation-world/national/article244173267.html?utm_source=API+Need+to+Know+newsletter&utm_campaign=6fd7bb6b61-EMAIL_CAMPAIGN_2020_07_13_12_04&utm_medium=email&utm_term=0_e3bf78af04-6fd7bb6b61-45875139#storylink=cpy

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