Chicago Investor Group Planning Sun-Times Acquisition Bid

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By: Lynne Marek and Steve Daniels | Chicago Business

(Crain's) — Merrick Ventures LLC CEO Michael Ferro Jr. is assembling a group of investors that includes Madison Dearborn Partners LLC Chairman John Canning Jr. to make a bid for Sun-Times Media Holdings LLC, according to people familiar with the effort.

The high-roller group is weighing an offer of about $14 million plus assumption of debt, but it's not clear when a formal bid will be made for the Chicago-based newspaper chain, the people said.

































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