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With all the discussion about and development of collaboration and unified communication technologies, older technologies like enterprise content management still play a major role in the life of the digital workplace.
Redwood City, Calif.-based Box started out as a file share platform and has evolved into a cloud-based content services offering that carries much of the functionality of the old proprietary ECMs. The company is still major player in the digital workplace, even if we do not hear about it that often. It also continues to develop its offering and has just announced a new migration offering called Box Shuttle.
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Tribune Publishing to be Acquired by Alden Global Capital
February 16, 2021 GMT
CHICAGO, Feb. 16, 2021 /PRNewswire/ Tribune Publishing Company (NASDAQ: TPCO) (“Tribune” or the “Company”) and affiliates of Alden Global Capital (“Alden”) today announced that they have entered into a definitive merger agreement under which Alden will acquire all of the outstanding shares of Tribune common stock not currently owned by Alden for $17.25 per share in cash. Alden currently owns 11,554,306 shares of Tribune common stock, representing 31.6% of the Company’s outstanding shares.
The purchase price represents a premium of 45% to the closing price of Tribune common stock on December 11, 2020, the last trading day prior to receiving Alden’s proposal, a premium of approximately 35% to the closing price of Tribune common stock on December 30, 2020, the last trading day prior to public dis
UpdatedWed, Feb 17, 2021 at 11:34 am CT
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A hedge fund dubbed a destroyer of newspapers has purchased Tribune Publishing for $630 million, the company said. (Tasos Katopodis/Getty Images)
CHICAGO A hedge fund dubbed a destroyer of newspapers has purchased Tribune Publishing for $630 million, the company said.
Alden Global Capital, which already had a 35-percent stake in Tribune Publishing, agreed to purchase all remaining shares for $17.25 each to take the company private. Tribune Publishing stock was listed as $15.97 at the end of trading Tuesday. The per-share purchase price is $3 more than what Alden Global Capital had offered in December. Over the past year, the Company has taken a number of actions to adapt to an ever-changing business and industry environment, including the impact of COVID-19. These actions included strengthening the Company s financial position, driving digital growth and investing in high-quality content to better serve customers, emp
/PRNewswire/ OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), and holder of 25.5 percent limited partner.