Tribune Publishing unanimously rejects Gannett acquisition offer
Tribune Publishing Co. shares were up 4.4% in Wednesday after-hours trading after it said it sent a letter to Gannett Co. Inc. rejecting its acquisition offer of $12.25 per share in cash. Gannett shares are unchanged in after-hours trading. Tribune says the company's board "unanimously determined that Gannett's opportunistic proposal understates the company's true value and is not in the best interests of its shareholders," the release said. In the letter, written by Chief Executive Justin Dearborn... Читать дальше...