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How Will Gannett (GCI) Stock React to Making Unsolicited Bid for Tribune?

NEW YORK (TheStreet) -- Gannett (GCI) , the publisher of USA Today, announced that it offered to acquire Tribune Publishing Co. (TPUB) for about $815 million.

The offer of $12.25 per share for Tribune represents a premium of about 63% of Tribune's closing price on Friday.

The proposal also includes assuming...