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Tribune Shareholders Vote Yes On The Zell Deal But The Stock Price Indicates The Smart Money Is Not So Sure The Deal Will Go Through On Current Terms
Philip Stone August 23, 2007
Some 97% of Tribune shareholders approved the Sam Zell takeover which puts the company into junk debt to the tune of some $13 billion, but with the share price around $6 less than the agreed purchase price there still seems a fair amount of doubt that Tribune is doing well enough financially these days to support the repayment schedule.
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