UPDATE: Gannett (GCI) -Tronc (TRNC) deal still in doubt as banks said to withdraw financing

October 27, 2016 2:56 PM EDT

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
(Updated - October 27, 2016 3:02 PM EDT)

Gannett (NYSE: GCI) and Tronc (Nasdaq: TRNC) deal still in doubt as banks said to withdraw financing, according to Bloomberg.

UPDATE - Some lenders voiced concerns about the health of the two companies given the valuation of the deal.

Gannett offered $18.75 per share for Tronc. Previous offers from Gannett were $12.25 per share in April and $15 per share in May.

alks between the two companies are ongoing.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Mergers and Acquisitions, Rumors, Trader Talk, Trading Halts

Add Your Comment