Why Gannett is likely to win its takeover bid for Tribune Publishing

April 25, 2016 5:48 PM

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Why Gannett is likely to win its takeover bid for Tribune Publishing

Despite initial resistance from Tribune Publishing's management, financial logic suggests that Gannett will ultimately succeed in acquiring the company.

Consider that Gannett's $815 million offer is a 60 percent-plus premium on the trading value of Tribune Publishing. Tribune's board has a fiduciary duty to consider the proposal (as it has indicated it will). And the board is obliged to accept the offer unless it has a plausible alternative for simi...

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