According to WSJ, Tribune Publishing Company (TPCO) approached by Alden Global Capital

  • February 12, 2021

POTENTIAL DEAL DETAILS

Stock Tribune Publishing Company Symbol TPCO
Date Announced 02/11/2021 Source Wall Street Journal
Type News Report
Date of Confirmation: 02/16/2021 Price at Confirmation: $15.97
Potential Profit: 2.18% Annualized Profit: 158.80%

Alden Global Capital LLC that owns a big stake in Tribune Publishing Co. (TPCOis in talks to buy the newspaper chain behind titles including the Chicago Tribune and New York Daily News. Alden Global Capital LLC, Tribune’s largest shareholder, is discussing a deal with the publishing company to buy the shares it doesn’t already own, according to people familiar with the matter.

Update(s):

February 16, 2021:  Tribune Publishing Company (TPCO) and affiliates of Alden Global Capital today announced that they have entered into a definitive merger agreement under which Alden will acquire all of the outstanding shares of Tribune common stock not currently owned by Alden for $17.25 per share in cash. Alden currently owns 11,554,306 shares of Tribune common stock, representing 31.6% of the Company’s outstanding shares.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.