UPDATE: Gannett (GCI) Said in Talks to Acquire tronc (TRNC) for $18.50-$19/Share - Bloomberg

October 4, 2016 1:46 PM EDT

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(Updated - October 4, 2016 1:50 PM EDT)

Gannett (NYSE: GCI) and tronc (NASDAQ: TRNC) have bridged a valuation gap but are still hamming out the details of a potential transaction, according to Bloomberg, citing people familiar with the situation. Gannett is said to be in talks to acquire tronc for $18.50-$19 per share, though a final agreement hasn't been reach and an announcement isn't imminent.

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