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>> GANNETT COMPANY Latest News

2 HOURS AGO - Wall Street Journal

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Tribune Publishing Rejects Gannett Bid

Tribune Publishing Co.’s board of directors has rejected an unsolicited acquisition offer from Gannett Co., calling it an “opportunistic” bid that undervalued the company and wasn’t in the best interest of shareholders.

Tags: Tribune Publishing Rejects Gannett Bid,  Gannett Company Latest News

2 HOURS AGO - Seattle Times

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Tribune Publishing rejects Gannett’s ‘opportunistic’ bid

Tribune Publishing Co. on Wednesday rejected Gannett’s more than $388 million buyout offer, saying it’s too little for the company that owns The Los Angeles Times, Chicago Tribune and other newspapers. USA Today owner Gannett wanted to buy Tribune Publishing so it could expand its USA Today Network, an effort to unite USA Today with […]

Tags: Tribune Publishing rejects Gannett’s ‘opportunistic’ bid,  Gannett Company Latest News

3 HOURS AGO - St. Louis Post-Dispatch

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4 HOURS AGO - MarketWatch

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Tribune Publishing unanimously rejects Gannett acquisition offer

Tribune Publishing Co. shares were up 4.4% in Wednesday after-hours trading after it said it sent a letter to Gannett Co. Inc. rejecting its acquisition offer of $12.25 per share in cash. Gannett shares are unchanged in after-hours trading. Tribune says the company's board "unanimously determined that Gannett's opportunistic proposal understates the company's true value and is not in the ...

Tags: Tribune Publishing unanimously rejects Gannett acquisition offer,  Gannett Company Latest News

4 HOURS AGO - Business Insider

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Tribune Publishing has thrown out Gannett's offer to buy it (TPUB, GCI)

Tribune Publishing has thrown out Gannett's offer to buy it for $815 million. In a statement Wednesday, Tribune, which owns titles including the LA Times, said its board unanimously rejected Gannett's offer.  "The Board believes that the price reflected in the Proposal understates the Company’s true value and is not in the best interests of our shareholders," Tribune CEO Justin Dearborn wrote ...

Tags: Tribune Publishing has thrown out Gannett's offer to buy it (TPUB, GCI),  Gannett Company Latest News