Gannett is walking away from its attempted takeover of Tronc, the publisher of the Los Angeles Times, Chicago Tribune and other major dailies.Tronc maintained that it still had “serious doubts” about Gannett’s ability to finance a potential transaction.
Gannett Co., Inc. and ReachLocal, Inc. announced a merger agreement whereby Gannett would acquire the outstanding shares of ReachLocal, Inc., for US$4.60 per share in cash, via a tender offer.The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to be completed in the third quarter
Tribune Publishing Co. has received an unsolicited proposal, with numerous contingencies, from Gannett Co., Inc. on April 12, 2016 to acquire all outstanding shares of Tribune Publishing for approximately US$388.3 million.