Tribune Surges on Alden Deal Inquiry at $520 Million Value
Tribune Surges on Alden Deal Inquiry at $520 Million Value Bloomberg 12/31/2020 John J. Edwards III (Bloomberg) -- Tribune Publishing Co. jumped 9.5% after hedge fund Alden Global Capital said it made a nonbinding proposal this month to buy the rest of newspaper publisher at a valuation of $520 million. Alden, which already owns 32% of Tribune, inquired about an acquisition at $14.25 a share in a letter sent to Tribune’s board Dec. 14, it said in a filing dated Wednesday. The Wall Street Journal reported late Wednesday that Alden was seeking to buy Tribune, citing unidenti...