No Decisions for Tribune Bids

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Tribune Co. directors came away with no decisions made after meeting today in Chicago to mull offers for the company generated by a four-month auction process that ended earlier this week, the Chicago Tribune reports.


After the meeting, Tribune issued a statement saying that the independent special committee formed to oversee management’s effort to create additional shareholder value was considering the offers that had come in from outside bidders as well as strategies that the company may enact independently.


“We are carefully considering all alternatives for creating additional shareholder value,” said William A. Osborn, chief executive of Northern Trust Corp. and Tribune’s lead independent director. “These alternatives include potential transactions involving third parties as well as actions the company may take alone.”

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