Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, February 26, 2007

Sam Zell and Tribune are Dancing

The Tribune, the Chicago newspaper company that is looking for ways to restructure itself and buy out the Chandler family, is considering a last-minute offer from Sam Zell, who has a lot of cash after the EOP LBO of a few weeks ago.  See NYTimes, Tribune Considering Late Offer From Real Estate Magnate.  The Wall St. Journal predicts that Tribune will decide on a spin-off of the newspaper and a special cash dividend.  See WSJ, Tribune Mulls Revamp As Auction Founders.

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