Tuesday, August 14, 2007

Tribune shares continue to fall, but Zell remains committed *

Yeah, we keep hearing that.

Shares closed at $25.28, but word is (still) that the $8.2 billion in financing needed to complete the deal is in place.

Meanwhile, there's a meeting in LA Thursday where Zell will be a special guest. (LAObserved, scroll down to find the post.) It should be a very, very interesting meeting for future employee-owners.

Oh but wait. The meeting's only for the executive types.

Well, there is the shareholders meeting next week ...

UPDATE: Tribune disputes the analysts, plans "to go ahead with the sale and that it expects to remain in compliance with the terms of the financing commitments." Like we said, we keep hearing that.

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