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Maryland businessman bids $650 million for all of Tribune, including The Baltimore Sun

March 25, 2021

A Maryland businessman has offered $650 million to purchase all of Tribune Publishing Co., the parent of The Baltimore Sun, but the Chicago-based newspaper company’s board endorsed a $630 million offer from Alden Global Capital. Even as Tribune Publishing’s board of directors recommended shareholders approve Alden’s deal to buy the company for $17.25 a share, it gave Stewart Bainum Jr. the green light to pursue financing for his bid of $18.50 a share.

Article Source: Baltimore Sun

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