Gannett (GCI), tronic (TRNC) Said Near Deal to Merge

October 3, 2016 7:09 AM EDT

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

Gannett (NYSE: GCI) said near a deal to acquire tronc (Nasdaq: TRNC), according to Politico.

tronic, formerly known as Tribune Publishing, is publisher of The Los Angeles Times, The Chicago Tribune and The Baltimore Sun, among other news sources.

Draft documents have been exchanged between the two companies and an announcement could come as soon as Monday morning.

Pricing is expected to be $18.50 to $19 per share.

tronic last traded at $16.88 per share

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions, Rumors, Trader Talk

Related Entities

Definitive Agreement

Add Your Comment