Hedge fund Alden Global Capital to buy remainder of Tribune Publishing

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A New York hedge fund that is the largest shareholder in Tribune Publishing Co. has reached an agreement to acquire the rest of the newspaper company that owns some of the largest newspapers in the country, including the Chicago Tribune and the New York. Daily News. Alden Global Capital LLC, which already owned a 32% stake in the company, struck a deal with a special committee appointed by the board to buy the remainder of the company for $ 17.25 per share, valuing the company at around $ 630. millions. The deal still requires shareholder approval.