Deals
Tribune Publishing Rejects McClatchy Takeover Offer
- Spurned offer valued Chicago Tribune Owner at $16.50 a share
- Tribune shares jump and then drop, continuing slide this year
A Chicago Tribune newspaper vending machine or "honor box" sits on a sidewalk in Chicago, Illinois.
Photographer: Christopher DiltsThis article is for subscribers only.
Tribune Publishing Co.’s talks over a potential takeover by McClatchy Co. have ended without a deal for the regional newspaper owner, according to people familiar with the matter.
Tribune Publishing rejected a fully financed cash-and-stock offer from McClatchy valuing the company at $16.50 a share, said the people, who asked not to be identified because the details aren’t public. Tribune Publishing is talking to other potential buyers, one of the people said.