Tribune says Newslight bid for company is no longer superior to Alden one, after Swiss billionaire pulls backing

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Tribune says Alden bid is now superior to Maryland hotelier's offer

Tribune Publishing Co.

said Monday a bid for the company made by Maryland hotel executive Stewart Bainum that was backed by Swiss billionaire Hansjörg Wyss under the Newslight LLC banner is no longer a"superior proposal" to the offer made by hedge fund Alden Global Capital LLC, after Wyss pulled out of the deal.

 

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