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April 20, 2021 CN Counters CPKC with a ‘Superior Proposal’ (UPDATED) Written by William C. Vantuono, Editor-in-Chief Perhaps not so surprisingly, almost exactly one month to the day after Canadian Pacific and Kansas City Southern announced their intent to merge into CPKC (Canadian Pacific Kansas City), CN made a counter-offer it said is a “superior proposal” that “will result in a safer, faster, cleaner and stronger railway.” CN’s proposal of $325 per KCS share “represents a 21% premium over the implied value of the CP transact...

Updated 4/19/2021 9:00 AM With the collapse of a competing offer for the parent company of the Chicago Tribune over the weekend, it's full speed ahead for Alden Global Capital in its bid to acquire complete control of Tribune Publishing, Robert Feder writes. Swiss billionaire Hansjörg Wyss withdrew his participation in a $680 million bid for Tribune Publishing with Maryland hotel executive Stewart Bainum Jr. through their newly formed Newslight LLC. After examining Tribune Publishing finances, Wyss backed out.   While Bainum is said to remain committed to pursuing ownership of the company w...

Tribune Publishing early Monday confirmed it received a revised, fully financed bid from a second suitor that “would reasonably be expected to lead to a ‘Superior Proposal’” over the bid received from Alden Global Capital.

Tribune Publishing early Monday confirmed it received a revised, fully financed bid from a second suitor that “would reasonably be expected to lead to a ‘Superior Proposal’” over the bid received from Alden Global Capital.

Newmont to Acquire GT Gold in Agreed All-Cash Transaction GT Gold Corp. and Newmont Corporation  are pleased to announce that they have entered into a binding agreement pursuant to which Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own for C$3.25 per share in cash. The total equity value pursuant to the Transaction is approximately C$456 million on a fully diluted basis. The Transaction Price represents a premium of … GT Gold Corp. (TSX-V:GTT; OTCQX:GTGDF) (the “Company” or “GT Gold” ) and Newmont Corporation (NYSE: NEM, TSX: ...