Tribune Publishing Co TPUB shares dropped 16.09 percent. Tribune Publishing revealed that its board has completely evaluated the revised Gannett Co Inc GCI's unsolicited offer to acquire all of Tribune Publishing for $15.00 per share in cash. According to its press statement, the board rejected the Gannett proposal again as not being in the best interests of its shareholders. Tribune Publishing also revealed it signed an agreement with Nant Capital, LLC. Accordingly, it would get a $70.5 million growth capital investment from it in exchange for Tribune common stock.Related Link: Mid-Day Movers
Shares of KLX Inc KLXI were down 16.35 percent after reporting Q1 adjusted earnings of $0.42 per share on revenue of $368.2 million.Coherus Biosciences Inc CHRS was down, falling around 8 percent to $17.88. Coherus priced 3.5 million shares at $18 per share.Casesarstone Sdot-Yam Ltd CSTE traded down 13.09 percent after announcing the departure of its CEO. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
