Patrick Soon-Shiong

McCormick Media may look to buy more Tronc shares beyond Ferro's 25% stake

McCormick Media may look to buy more Tronc shares beyond Ferro's 25% stake

McCormick Media, an investor group that struck a deal earlier this month to acquire former Tronc Chairman Michael Ferro’s entire stake in the company, may be looking to buy more of the Chicago-based newspaper chain.

In a filing with the Securities and Exchange Commission on Monday, McCormick Media investors said they agreed to buy Ferro’s 25.7 percent stake in Tronc because it “represented an attractive investment opportunity” and they may increase or decrease their position in the company.

McCormick Media investors “are engaging in discussions with one or more significant stockholders” of Tronc to see if “such stockholders may desire to potentially engage in any such...

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