SEC Form SC 13E3/A filed by Tribune Publishing Company (Amendment)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13E-3

(Amendment No. 3)

RULE 13e-3 TRANSACTION STATEMENT

UNDER SECTION 13(e) OF

THE SECURITIES EXCHANGE ACT OF 1934

TRIBUNE PUBLISHING COMPANY

(Name of the Issuer)

Tribune Publishing Company 

Tribune Enterprises, LLC

Tribune Merger Sub, Inc.

Alden Global Capital LLC

Alden Global Opportunities Master Fund, L.P.

AGOF Master GP, Ltd.

Alden Global Value Recovery Master Fund, L.P. 

AGVRF Master GP, Ltd.

Turnpike Limited

Heath B. Freeman

Randall D. Smith  

(Names of Persons Filing Statement)

Common Stock, par value $0.01 per share 

(Title of Class of Securities)

63934E108

(CUSIP Number of Class of Securities)

 (Name, Address, and Telephone Numbers of Person Authorized to Receive Notices 

and Communications on Behalf of the Persons Filing Statement)

With copies to

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THIS TRANSACTION, PASSED ON THE MERITS OR THE FAIRNESS OF THE TRANSACTION OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE INFORMATION CONTAINED IN THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

This statement is filed in connection with (check the appropriate box):

Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: ☐

Check the following box if the filing is a final amendment reporting the results of the transaction: ☒

CALCULATION OF FILING FEE

INTRODUCTION

This Amendment No. 3 (this “Final Amendment”) to Rule 13E-3 Transaction Statement (as amended, this “Transaction Statement”) amends and supersedes the Rule 13E-3 Transaction Statement originally filed on March 23, 2021, as amended on April 14, 2021 and April 20, 2021, which Transaction Statement, together with the exhibits hereto, is being filed with the Securities and Exchange Commission (the “SEC”) pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), by (a) Tribune Publishing Company, a Delaware corporation (“Tribune”), the issuer of the shares of common stock, par value $0.01 per share (the “Common Stock”) that are the subject of the Rule 13e-3 transaction; (b) Tribune Enterprises, LLC, a Delaware limited liability company (“Parent”); (c) Tribune Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”); (d) Alden Global Opportunities Master Fund, L.P., a Cayman Islands limited partnership; (e) Alden Global Value Recovery Master Fund, L.P, a Cayman Islands limited partnership; (f) Alden Global Capital LLC, a Delaware limited liability company; (g) Turnpike Limited, a Cayman Islands exempted company; (h) AGOF Master GP, Ltd., a Cayman Islands exempted company; (i) AGVRF Master GP, Ltd., a Cayman Islands exempted company; (j) Heath B. Freeman; and (k) Randall D. Smith. Each of the persons filing this Transaction Statement are referred to a “filing person” and collectively as the “filing persons.”

This Transaction Statement relates to the Agreement and Plan of Merger, dated February 16, 2021 (the “Merger Agreement”), by and among Tribune, Parent and Merger Sub, pursuant to which, effective May 24, 2021, Merger Sub merged with and into Tribune, with Tribune continuing as the surviving corporation and becoming a wholly owned subsidiary of Parent (the “Merger”).

This Final Amendment is being filed pursuant to Rule 13e-3(d)(3) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) to report the results of the transaction that is the subject of this Transaction Statement. Except as set forth in this Final Amendment, all information in this Transaction Statement remains unchanged.

While each of the filing persons acknowledges that the Merger is a “going private transaction” for purposes of Rule 13e-3 promulgated under the Exchange Act, the filing of this Transaction Statement shall not be construed as an admission by any filing person, or by an affiliate of a filing person, that Tribune is “controlled” by any other filing person or any of its affiliates.

Pursuant to General Instruction F to Schedule 13E-3, the information contained in the Definitive Proxy Statement filed with the SEC on April 20, 2021 (the “Proxy Statement”), including all annexes thereto, is expressly incorporated herein by reference in its entirety, and responses to each item herein are qualified in their entirety by the information contained in the Proxy Statement and the annexes thereto.

All information contained in this Transaction Statement concerning any of the filing persons has been provided by such filing person and no filing person has produced any disclosure with respect to any other filing persons.

ITEM 15. ADDITIONAL INFORMATION

(c) Other Material Information. The information set forth in response to Item 1011(c) of Regulation M-A is hereby amended and supplemented as follows:

On May 24, 2021, Tribune filed a Certificate of Merger with the Secretary of State of the State of Delaware, pursuant to which the Merger became effective on May 24, 2021. At the effective time of the Merger on May 24, 2021, each share of Common Stock outstanding immediately prior to the effective time of the Merger was automatically converted into the right to receive $17.25 in cash, without interest and subject to any applicable withholding tax, other than shares of Common Stock (i) owned by (x) Parent, Merger Sub or any of their affiliates or associates; or (y) Tribune, as treasury stock; and (ii) held by stockholders who have not voted in favor of the Merger and properly and validly perfected their statutory rights of appraisal in accordance with Section 262 of the Delaware General Corporation Law, which shares were cancelled without payment of any consideration therefor and will cease to exist.

Upon the effective time of the Merger, Tribune became a wholly owned subsidiary of Parent. In connection with the closing of the Merger, Tribune notified The NASDAQ Stock Market LLC (“Nasdaq”) on May 24, 2021 that each share of Common Stock (except as described above) was converted into the right to receive $17.25 in cash pursuant to the Merger Agreement (as described above), and Tribune requested that Nasdaq file a Form 25 with the SEC to remove the Common Stock from listing on Nasdaq and deregister the Common Stock, including the associated Series A Preferred Stock Purchase Rights (the “Purchase Rights”) under Section 12(b) of the Exchange Act. Tribune intends to file with the SEC a Form 15 requesting the suspension of reporting obligations with respect to the Common Stock and Purchase Rights under Sections 13 and 15(d) of the Exchange Act.

ITEM 16. EXHIBITS

* Previously filed on March 23, 2021 as an exhibit to the Schedule 13E-3

** Such materials were distributed to the Special Committee the following day and reflect certain immaterial updates.

SIGNATURES

After due inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated as of May 24, 2021