Gannett sends letter to Tribune stockholders, demands 'yes'
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A 99% CASH PREMIUM VS. “TRONC†— WHICH MAKES MORE SENSE TO YOU?
"A 99% CASH PREMIUM VS. “TRONC†— WHICH MAKES MORE SENSE TO YOU? Do not let the Tribune Board stand in the way of your obtaining superior and certain cash value for your shares," the letter reads.
Gannett’s offer provides Tribune stockholders with a 99 percent premium to the $7.52 closing price of Tribune’s common stock on April 22, 2016, the last trading day before Gannett publicly announced its initial offer for Tribune. ■