Tribune Publishing shareholders met Thursday morning and voted to support the current board of directors of the company. The vote appears to be a ratification of the current board’s decision to refuse to accept a buyout offer from Gannett.
As a result of these latest developments, business observers expect Gannett to drop its offer and perhaps make another run at Tribune at a latest time – if and when Tribune’s value drops further.
Tribune owns the Hartford Courant so we have been following this story closely.
Developing…
