Tribune Publishing set a May 21 date for shareholders to vote on its deal to sell the Chicago-based newspaper chain to hedge fund Alden Global Capital for $633 million. Alden, Tribune Publishing’s largest shareholder with a 31.6% stake, reached an agreement in February to buy the rest of the company at $17.25 per share and take it private. The proposed merger will require approval from two-thirds of Tribune Publishing’s other shareholders.
Tribune Publishing sets May 21 shareholder vote on Alden merger
April 21, 2021