1. The Gamble of Tronc’s ‘Just Say No’ Defense

    The Gamble of Tronc’s ‘Just Say No’ Defense

    Gannett’s battle to acquire Tronc, the newspaper publisher formerly known as Tribune Publishing, raises the question of whether a board should continue to “just say no” or give in to a hostile acquirer. The battle for Tronc is entering a surprising final stage as Gannett isrumored to have raised its bid. Gannett initially bid $12.25 a share in April, raising a furious and disdainful reaction ...

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