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tronc (TRNC) had Serious Doubts about Gannett's (GCI) Ability to Finance Transaction

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Gannett (GCI) Had Financing Options for tronc (TRNC) Takeover - Spokesperson

November 1, 2016 12:02 PM EDT

A Gannett (NYSE: GCI) spokesperson said it had financing options regarding a potential takeover of tronc, Inc. (Nasdaq: TRNC) but terminated talks after considering accretion and whether a deal made sense.

Comments from Gannet followed an earlier... More

Gannett (GCI) Will Not Pursue Acquisition of tronc (TRNC)

November 1, 2016 8:32 AM EDT

Gannett Co., Inc. (NYSE: GCI) (Gannett or the Company) today confirmed that the Company has been engaged in discussions with tronc, Inc. (NASDAQ: TRNC) (tronc) regarding a potential transaction and has determined not to pursue an acquisition of tronc.

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