Gannett says won't buy
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[November 01, 2016]
(Reuters) - Gannett Co Inc,
publisher of USA Today, said on Tuesday it would not
pursue an acquisition of Tronc Inc, the publisher of the
Chicago Tribune and Los Angeles Times.
The Chicago Tribune building is seen in Chicago,
Illinois, United States, May 16, 2016. REUTERS/Jim Young
Gannett made an unsolicited $12.25 per share takeover offer for
Tronc, formerly Tribune Publishing Co, in April, valuing Tronc
at about $815 million. It raised the offer a month later to $15
(Reporting by Rishika Sadam in Bengaluru; Editing by Sriraj
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