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  • AH hedge fund, known for a hostile takeover Bids, is seeking to take full control of the publisher of the Chicago Tribune and New York Daily News.

  • Alden Global Capital said Thursday its valuing Tribune Publishing at $521 million or $14.25 a share.

  • That's an 11.4% premium to Tribune's closing price Wednesday.

  • Tribune shares shot up 9% in early trading Thursday.

  • Holden is the company's biggest shareholder with a one third stake in the newspaper chain, whose other titles include The Baltimore Sun, Orlando Sentinel and the Hartford Current.

  • The Wall Street Journal says the hedge fund took a seat on the Chicago Tribune Publishers board in July in exchange for an agreement to extend a deal that prevents Olden from boosting at stake or making AH hostile bid for Tribune until after June 2021.

  • Tribune did not immediately respond to a request for comment.

AH hedge fund, known for a hostile takeover Bids, is seeking to take full control of the publisher of the Chicago Tribune and New York Daily News.

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B1 hedge fund hedge fund publishing hostile stake

Hedge fund Alden offers to buy Tribune Publishing

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    林宜悉 posted on 2021/01/01
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