PHILADELPHIA, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Tribune Publishing Company (NASDAQ: TPCO) (“Tribune” or the “Company”) on behalf of the Company’s current shareholders.
On February 16, 2021, Tribune announced that it had entered into an agreement to be acquired by affiliates of investment firm Alden Global Capital (“Alden”) at a price of $17.25 per share in cash. Notably, Alden currently owns over 31% of Tribune’s shares. Following the closing of the proposed transaction, shares of Tribune’s common stock will no longer be publicly traded.
The investigation seeks to determine whether the proposed $17.25 per share provides sufficient consideration for Tribune’s shareholders, and whether Tribune’s officers and/or directors breached their fiduciary duties in agreeing to sell the company to Alden.
Tribune shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/tribune/, for additional information about this investigation and their legal rights and options with respect to this proposed transaction.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
skaskela@kaskelalaw.com
www.kaskelalaw.com
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