Tribune Publishing (TPCO) Agrees to Be Acquired by Alden Global Capital for $17.25/Share

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Tribune Publishing to be Acquired by Alden Global Capital

February 16, 2021 6:30 PM EST

CHICAGO, Feb. 16, 2021 /PRNewswire/ -- Tribune Publishing Company (NASDAQ: TPCO) ("Tribune" or the "Company") and affiliates of Alden Global Capital ("Alden") today announced that they have entered into a definitive merger agreement under which Alden will acquire all of the outstanding shares of Tribune common stock not currently owned by Alden for $17.25 per share in cash. Alden currently owns 11,554,306 shares of Tribune common stock, representing 31.6% of the Company's outstanding shares.

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