Tribune Shareholders Approve Deal/Exit Strategy
August 22, 2007 Tribune Holders Approve Deal discusses the Tribune shareholders approval of the $8.2 billion deal to take the company private. Proxy-voting advisers backed the Tribune buyout, while union leaders appeared to oppose the deal. While the deal was expected to be approved, the financing, including $8 billion in loans, was uncertain. Even though the purchase price is valued at $34/share, shares are trading for significantly less. “Tribune has said it believes the deal will close in the fourth quarter and that financing for the deal is fully committed. Debt financing is being provided by J.P. Morgan Chase & Co., Merrill Lynch & Co., Citigroup Inc. and Bank of America Corp….The company plans to sell the Chicago Cubs baseball team and related assets, but officials said there are no plans to sell more of its newspapers.” Here are some prior blog posts related to the Tribune transaction: Exit Strategy The Retirement Plan Blog discusses the baby boomers that will be looking for an exit strategy in the next twenty years. Here are some links to some recent succession planning discussions: Benefits of Succession Planning/Free Basic Financial Education Succession Planning Here is a link to a list of generations (e.g. baby boomers, generation X). | 
