Chandlers Extend Tribune Offer

CHANDLERS EXTEND TRIBUNE OFFER
[SOURCE: Editor&Publisher]
Chandler Trusts is extending its offer for Tribune Co. past the previous Wednesday evening deadline. There was no word if the offer has been changed from its original terms, which would spin off Tribune's television properties into a new publicly traded company while taking the newspaper business private. Current Tribune stockholders would get stock in the new company valued at $12.40, plus $19.30 per share in cash.
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_con...