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If you purchased shares of the Tribune Publishing Co (NYSE:TPUB) and currently hold any of those NYSE:TPUB shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
May 04, 2016 (Shareholders Foundation) - An investigation for investors, who currently hold Tribune Publishing Co (NYSE:TPUB) shares, is ongoing concerning whether a potential takeover of Tribune Publishing Co would be fair.
The investigation by a law firm is at an early stage and concerns whether a takeover would be fair to NYSE:TPUB investors.
On May 04, 2016 Tribune Publishing Co (NYSE:TPUB) announced that its board of directors rejected the offer from April 12 by Gannett Co., Inc. (NYSE: GCI) to acquire all outstanding shares of Tribune Publishing common stock for $12.25 per share in cash.
However, given that at least one analyst has set the high target price for NYSE:TPUB shares at $18.00 per share and that shares of Tribune Publishing Co (NYSE:TPUB) closed on May 4, 2016, at $11.02 per share, the investigation a law firm concerns whether the Tribune Publishing board of directors is maximize shareholder value by rejecting the offer, and acts in the shareholders' best interests in connection with the proposed sale.
