If you’re one of the thousands of Knight Ridder employees in the Bay Area hoping that you’ll get a premium price for your stock in the company, this isn’t good news. Goldman Sachs says that Gannett won’t get “aggressive” when it bids on KR, according to a report in Editor & Publisher. Translated, that means Gannett won’t pay $70 a share for KR, which closed today (Feb. 21) at 61.55, down 1.05.
Analyst: Gannett won't overbid for KR
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