Chandler offer valued at $31.70

That breaks out to $19.30 for the newspapers and $12.40 for the television stations. The $31.70 a share total - just a little over what the stock was trading at - is way below what the Chandlers were looking for when the company was put on the block last year. The Broad/Burkle plan looks a little more attractive, with its $27 a share dividend. But the deal assumes that Tribune would still be worth $7 a share after the recapitalization ($27 and $7 makes $34 a share), which to many on Wall Street is a big leap. LAT


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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