Gannett Group offers $ 815 million for LA Times and Chicago Tribune

Gannett Co., USA Today's publisher and another hundred warheads, made an offer of 815 million dollars (about 724 million euro at current exchange rates) to acquire 100% of Tribune Publishing Company, which he published the Los Angeles Times and the Chicago Tribune, along with nine other newspapers. Both companies are listed and, as a buyer's specific note, the offer is worth $ 12.25 per share Tribune. The total value also includes 390 million in debt.

 "The offer to $ 12.25 also represents a substantial premium over the price of $ 8.5 which Tribune recently issued shares and warrants to shareholders a cash value certain and immediate," said Gannett.

And he adds that there would be the possibility of expanding the bulk of the US journalistic platform, combining the skills of the two staff. From a corporate point of view, forming a single company Gannett and Tribune "would have the financial stability to maintain the journalistic excellence, independence, high quality standards and integrity for years to come."