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(TPCO) - Alden Global Capital, Llc Says Delivered a Non-binding Proposal & Inquiry Letter to Tribune Publishing.
Alden Global Capital, Llc Says Delivered a Non-binding Proposal to Purchase Tribune Publishing at a Price per Share Equal to $14.25.
Alden Global Capital, Llc Says is Not Interested in Selling Its Tribune Publishing Stock to Another Party.
Alden Global Capital Says Have Not Proposed Any Specific Structure for Deal Nor Have Received Any Feedback From Tribune.
Alden Global Capital Says Can Fully Finance Deal With Tribune With Cash on Hand at Alden Purchasers & Mng.
Alden Global Capital - Will Not Move Forward With Any Deal Unless It is Recommended by Special Committee of Independent Members of Tribune Board.
Alden Global Capital - Proposed Deal Must Also Be Approved by Holders of 2/3rd of Tribune’s Stock Not Owned by Alden Purchasers.
Alden Global Capital - Intend to Remain As a Long-term Stockholder of Tribune.