Hedge fund Alden Global seeks to buy Tribune Publishing -WSJ
(Reuters) - U.S. hedge fund Alden Global Capital is planning to buy newspaper chain Tribune Publishing Co, the Wall Street Journal reported on.wsj.com/2L2JAYV on Wednesday, citing people familiar with the matter.
Alden Global, which is already Tribune’s largest shareholder with a 32% stake, could disclose an offer for the remaining stake in the company as soon as Thursday, the WSJ said.
Reporting by Ann Maria Shibu in Bengaluru; Editing by Anil D’Silva
Our Standards: The Thomson Reuters Trust Principles.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.