Tribune Publishing Adopts Poison Pill to Stop Gannett Bid

Posted Monday, May 9, 2016 7:54 am

Supantha Mukherjee and Anya George Tharakan | Reuters

Newspaper publisher Tribune Publishing Co (TPUB.N) said its board had adopted a shareholder rights plan - popularly known as a "poison pill" - in a bid to thwart Gannett Co Inc's (GCI.N) unsolicited takeover offer.

Tribune shares fell nearly 6 percent in morning trading on Monday, while Gannett shares were little changed.

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Tribune Publishing Adopts Poison Pill to Stop Gannett Bid

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