This case describes the proposed acquisition of the Tribune Company, Sam Zell in 2007. Tribune Company is one of the largest newspapers and broadcasters in the United States. The proposed acquisition Zell is unusual in several respects. This two-level, working ESOP as the acquisition vehicle, includes a high degree of leverage, and significant asset sales, and Zell himself will own almost no ordinary shares after the transaction is completed Tribune. It takes place at the end of October 2007, at which point the first stage of the acquisition has been completed, and the second phase has not. The recent deterioration in operating results as a tribune, and the credit market so it is unclear whether the deal can be closed in accordance with the schedule in 2007, or indeed at all. "Hide
by Timothy A. Luehrman, Eric Seth Gordon Source: Harvard Business School 24 pages. Publication Date: May 12, 2008. Prod. #: 208148-PDF-ENG
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