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Tribune Publishing Rejected Gannett's Acquisition Offer, Highlights 'Clearly Inadequate' $15/Share Price
Monday, May 23, 2016 - 9:56am | 289Tribune Publishing Co (NYSE: TPUB) announced Monday morning that it has officially rejected a pending acquisition from Gannett Co Inc (NYSE: GCI). Gannett offered to acquire Tribune Publishing for $12.25 per share in late April, but revised its bid higher to $15 per share in mid-May. Tribune...