NewsGuild Formally Makes the Case That Tribune Publishing Shareholders Should Reject Alden’s Takeover Offer

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The NewsGuild, long a fierce critic of Alden Global Capital, is now trying to persuade Tribune Publishing shareholders to reject the hedge fund’s bid for the company at a special meeting May 21.

The union advanced a number of arguments against the deal in a filing Wednesday with the Securities and Exchange Commission. The main one: The offer price of $17.25 undervalues the company.

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