BOSTON, MA / ACCESSWIRE / February 22, 2021 / Block & Leviton LLP (www.blockleviton.com), a national securities litigation firm, has opened an investigation into the proposed acquisition of Tribune Publishing Co. (NASDAQ:TPCO) by Alden Global Capital LLC. Alden Global Capital is already the largest shareholder in Tribune Publishing, and has reached an agreement to buy the rest of the Company for $17.25 per share. Block & Leviton is investigating the fairness of the transaction and potential breaches of fiduciary duty by Tribune Publishing's Board of Directors and Alden Global Capital. Tribune Publishing shareholders should contact Block & Leviton for a free case evaluation.
This proposed transaction values Tribune Publishing at approximately $630 million. The proposed acquisition requires shareholder approval. If the deal is approved, Tribune Publishing would no longer be publicly traded.
If you are a Tribune Publishing shareholder and have questions about your legal rights or possess information relevant to this matter, you are encouraged to contact Block & Leviton attorneys at (617) 398-5600, by email at [email protected], or by visiting our website.
Block & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country's financial markets. The firm represents many of the nation's largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm's lawyers have recovered billions of dollars for its clients.
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SOURCE: Block & Leviton LLP