Home / Business / Gannett and Tribune Publishing execs trade barbs as takeover conflict heats up

Gannett and Tribune Publishing execs trade barbs as takeover conflict heats up

Gannett’s unsolicited bid to acquire Tribune Publishing got some-more personal Friday, with any association pursuit out a other’s tip executives by name and doubt management’s decision-making.

In a Friday minute to Tribune Publishing shareholders, Gannett reported that Tribune Publishing Chairman Michael Ferro said during a May 12 assembly in Chicago that while a partnership could make sense, he wanted a “significant role” in a association post-closing and he was reluctant to rivet in a routine unless he got “a square of a action.”

The minute urged shareholders to “protect their investment” by self-denial votes to elect Tribune Publishing’s house during a company’s Jun 2 annual meeting. The mostly mystic substitute debate is dictated to send Tribune Publishing a “clear and concurrent message” to immediately rivet in negotiations with Gannett, a minute stated.

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Tribune Publishing responded to Gannett’s minute with a news recover Friday afternoon that took emanate with Gannett Chairman John Jeffry Louis and CEO Robert Dickey, who met with Ferro final week.

InterNations.org