Gannett increases its bid to $865m to acquire US newspaper rival

‘Aggressive’ USA Today publisher eager to swallow the Tribune companyUS newspaper giant Gannett has increased its takeover bid for another big publisher, Tribune, after its first attempt was rebuffed. Gannett, which owns the UK chain, Newsquest, raised its offer on Monday to about $475m (£327m), plus the assumption of $390m (£269m) in debt, Gannett lifted its initial bid of $12.25 (£8.44) a share to $15 (£10.3). It means the total offer has risen from $815m last month to about $865m. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2016-05-17 00:00:00 UTC ]

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Gannett increases its bid to $865m to acquire US newspaper rival

[ The Guardian | 2016-05-17 00:00:00 UTC ]
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