Chandlers make offer to buy trib
Well, here we go. Apparently they will become majority owners if the offer is accepted.
I have absolutely no idea what will happen to the Cubs if this deal happens.
"CHICAGO (AP) -- Tribune Co.'s largest shareholder offered to buy the struggling media conglomerate and spin off its broadcast division in a deal valued at $7.6 billion.
The bid by the Chandler family, which owns 20 percent of Tribune stock, was disclosed Thursday morning in a filing with the Securities and Exchange Commission."
http://biz.yahoo.com/ap/070118/tribune_sale.html?.v=8
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7 comments
Comments
I don't think..
Plus, this isn't something that can or will happen overnight.
by Al on Jan 18, 2007 8:57 AM CST reply actions 0 recs
This offer sucks
spinoff stock? I can't see the institutional investors who will
be the ones to decide if it goes to a fight, going for that.
I also love the part where they claim it is really an 18% premium
because the Chandler push to put the company on the market
increased the price. Nope it less than 5% and a bad offer
The Burkle offer is even more ridiculous.
by jessica on Jan 18, 2007 10:53 AM CST reply actions 0 recs
Hey Matt...
by markgraceismyhero on Jan 18, 2007 10:57 AM CST reply actions 0 recs
no way!
by markgraceismyhero on Jan 18, 2007 1:37 PM CST up reply actions 0 recs
Also
http://www.latimes.com/business/la-ex-tribune18jan19,0,6032735.story?coll=la-home-headlines
by Josh77 on Jan 18, 2007 3:19 PM CST reply actions 0 recs

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