Gannett Raises Offer to Acquire Tribune to $15 Per Share

USA Today: Gannett has raised its offer to buy Tribune Publishing to $15 per share, dialing up the pressure after its earlier bid was rejected by Tribune’s board of directors despite some shareholders’ call for a negotiation. The revised offer values Tribune, which owns the Los Angeles Times, Chicago Tribune and nine other dailies, at about $479 million. Gannett also offered to assume about $385 million of Tribune’s debt, valuing the total deal at about $864 million.